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Ongoing weakness in travel demand resulted in a 21% decline in revenue and a second-quarter loss for American Airlines parent AMR(AMR Quote), but the carrier beat Wall Street estimates.
Excluding special items, the loss was $319 million or $1.14 a share. Analysts surveyed by Thomson Reuters had estimated $1.28 a share. Revenue was $4.9 billion, in line with estimates. During the same period a year earlier, excluding items, American lost $298 million or $1.19 a share.
Including the impact of approximately $70 million related to aircraft sales and groundings, the second-quarter 2009 loss was $390 million or $1.39 a share. ...
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