The Hit Farm

AMR Corp. ($0.27, -$1.35, -83.33%), the parent company of American Airlines Inc., filed for Chapter 11 bankruptcy in New York, a process that will allow the carrier to continue normal business operations as it restructures its debt. AMR Corp, the parent company of American Airlines, filed for voluntary Chapter 11 bankruptcy protection in a New [...]

Airline ETF In Focus As AMR Lands In Bankruptcy -A closer look at how the airline ETF (FAA) is being impacted by AMR's bankruptcy. AMR, which filed for bankruptcy protection Tuesday, detailed its struggles to avoid this step through “hundreds” of cost cuts, and by borrowing against “virtually all of its unencumbered assets,” according to [...]

AMR Corp. filed for protection in New York in a surprise move given it has more than $4 billion in cash, and appointed Thomas Horton as chairman and chief executive after Gerard Arpey opted to retire and join an investment group. The Transport Workers Union is reacting to Tuesday's announcement that American Airlines and its [...]

By SUSAN CAREY Shares in American Airlines parent AMR Corp. collapsed Monday on renewed fears that the nation's third-largest airline by traffic might ultimately be forced to seek bankruptcy protection in a worsening economy. In a sharp Increasing options activity is also being seen in AMR, Focus Media (NASDAQ:FMCN), and Western Digital (NYSE:WDC). iPath S&P [...]