An Airline Stock to Avoidhttp://www.fool.com/investing/general/2011/10/20/an-airline-stock-to-avoid.aspx Robert Eberhard
October 20, 2011
We can't say it wasn't unexpected. AMR (NYSE: AMR ) , parent of American Airlines and American Eagle, posted a quarterly loss for the fourth consecutive time, and 14 of the last 16 quarters, causing its share price to plunge over the past few days.
While revenues were up to this quarter because of higher fares, the Texas-based operator posted a net loss of $162 million, or $0.48 a share. Analysts were expecting a loss of $0.43 a share. This is also down from a year-ago profit of $143 million, or $0.39 a share.
It cost a lot to run a major airline into the ground