When is it good news that a company lost more than $600 million in one quarter? When the company is an airline and its earnings statement does not include the words “insolvency,” “bankruptcy” or “vodka-swilling pilots.” American Airlines parent AMR Corp. reported a fourth-quarter loss of $604 million Wednesday, and while the figure was far above its $387 million loss for the prior year quarter it was less than what analysts had expected. AMR shares soberly soared more than 8% to close at $20.39.
—Jeff Kanige
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