American Airlines’ Parent Company Delisted from NYSE

FORT WORTH, Texas (AP) _ 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-based company of the move after the average closing price of AMR shares fell below $1 for 30 straight trading days.

AMR filed for bankruptcy protection on November 29th.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

More News