- ABC News
- October 18, 2011
AC
Trading in shares of American Airlines was temporarily halted on Monday for the second time this month. The halt, triggered automatically when the share price of American parent company AMR fell dramatically, came after the airline and its pilots union failed over the weekend to agree on a new contact. Trading also paused on Oct. 3 when the price fell amid speculation about the airline possibly restructuring under bankruptcy protection. AMR said that wasn't what the airline intended or wanted to do. The volatility points up concerns about the airline's future. "I think there's just a lot of concern about what's going to be the fate of the company," said airline analyst Basili Alukos of investment research firm Morningstar. "The thinking is if there is no deal (with pilots), that increases the likelihood it is going to look at bankruptcy or some other means to renegotiate those contracts." When it reports earnings for the third quarter on Wednesday, analysts expect it to be the...