Airline Stocks Tank After AMR (AMR) Halted on Bankruptcy Fears

A number of airlines stocks are now at the lowest levels of the day after AMR Corporation (NYSE: AMR) was halted on a circuit breaker after plunging on bankruptcy fears. AMR Corporation shares are currently down about 32 percent.

Elsewhere:
US Airways Group, Inc. (NYSE: LCC) down 14%
United Continental (NYSE: UAL) down 10%
Delta Air Lines Inc. (DAL) down 9%
JetBlue Airways Corporation (Nasdaq: JBLU) down 7%
Southwest Airlines Co. (NYSE: LUV) down 5%

UPDATE: CNBC's Phil LeBeau reporting the company has said it is not considering bankruptcy at this time.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• FOMC minutes from July 28-29th meeting
• Trump: nominate Heidi Overton, MD, PhD, as our next FDA commissioner
• Goldman Sachs to acquire real estate company LCN for up to $410M