BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[AMR beats in Q1, shares see a bid]]>http://www.bloggingstocks.com/2009/04/15/amr-beats-in-q1-shares-see-a-bid/http://www.bloggingstocks.com/2009/04/15/amr-beats-in-q1-shares-see-a-bid/http://www.bloggingstocks.com/2009/04/15/amr-beats-in-q1-shares-see-a-bid/#commentsFiled under: , ,

AMR Corp. (NYSE: AMR), the parent of American Airlines, reported earnings for the first quarter on Wednesday. Revenues decreased 15%, and on an adjusted basis, the company lost $1.30 per share. According to this source, the market was calling for a loss of $1.62 per share. Since management was able to beat by such a wide margin, Wall Street decided to reward the stock by bidding it up over 20% (that's how the shares were trading at the time I started this article).

Airlines are still having a problem with the economy. Consumers aren't traveling as much, businesses are cutting back on sending executives across country. Indeed, I'm sure the summer months are going to see a lot of vacation plans being eliminated as people decide to stay closer to home.

Continue reading AMR beats in Q1, shares see a bid

AMR beats in Q1, shares see a bid originally appeared on BloggingStocks on Wed, 15 Apr 2009 15:20:00 EST. Please see our terms for use of feeds.

Read | Read | Permalink | Email this | Comments]]>airlinesAMRamr corp.AmrCorp.DALdelta airlinesDeltaAirlinesfast moneyFastMoneyfeaturedJeff MackeJeffMacketravelual corpUalCorpuauaWed, 15 Apr 2009 15:20:00 EST