Analysis: AMR results should boost confidence in reorganization plan

10/28/2013 | Seeking Alpha

An analysis by the Investment Doctor says the AMR reorganization plan has proved successful in reducing costs by trimming $850 million from wages during the first nine months of 2013. AMR Corp., the parent company of American Airlines, also reported a profit for the third quarter. "American Airlines' (and subsidiary American Eagle) passenger revenue was actually the highest in the history of the company, which gives investors a lot of confidence in the outcome of the current Chapter 11 procedure," the Investment Doctor writes.

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