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.
- Residents return to ‘war zone’ in wake of Wenatchee wildfire
- Woman knocked unconscious by falling drone during Seattle's Pride parade
- Nurse dies from injuries in attack near CenturyLink Field
- How ISIS methodically groomed a lonely young Wash. state woman
- Lake City residents fight to regain use of now-private beach
Most Read Stories
AMR filed for bankruptcy protection on Nov. 29.