American Airlines' parent company, now in bankruptcy protection, says its stock will be dropped from the New York Stock Exchange. Shares are sinking 18...
FORT WORTH, Texas — American Airlines’ parent company, now in bankruptcy protection, says its stock will be dropped from the New York Stock Exchange.
Shares are sinking 18 cents, or 35 percent, to 34 cents in after-hours trading.
AMR Corp. said Thursday that the NYSE notified the Fort Worth, Texas, company of the move after the average closing price of AMR shares fell below $1 for 30 straight trading days.
The shares will stop trading before the opening bell next Thursday. The delisting includes AMR common stock and some company-issued notes.
- School board rebukes Bellevue football program; possible two-year ban for coach Butch Goncharoff
- How the Seahawks got two first-round picks in the NFL draft
- This drone footage of inside Bertha’s tunnel is like something out of ‘Star Wars’
- Mayor, Chris Hansen denounce misogynistic comments over council arena vote
- The hidden homeless: families in the suburbs
Most Read Stories
AMR filed for bankruptcy protection on Nov. 29.