Archive for Thursday, October 22, 2009

Airlines post losses

October 22, 2009


American Airlines parent AMR Corp. reported Wednesday it lost $359 million in the third quarter, and Continental Airlines Inc. posted an $18 million loss. Those results followed losses reported by Southwest Airlines Co. and United parent UAL Corp. Boeing also posted a large loss.

That news, and oil prices above $81 a barrel, dragged down airline stocks.


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