AMR Takes ‘Long-Term Survival’ Step With Airbus-Boeing Order
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American Airlines parent AMR Corp. is counting on savings from 460 new, fuel-efficient jets and $13 billion in planemaker financing as the third-largest U.S. carrier struggles with losses in 10 of the past 12 quarters.
“AMR had to make a bold move,” Ray Neidl, a Maxim Group analyst, said today in a note to investors. “These moves in our opinion are not only positive for the company’s future but are necessary for its long-term survival.”