AMR Lowers Guidance, Citing Sluggish Economy, High Fuel Costs

AMR(AMR Quote) expects to lose more than $100 million in the second quarter because of high fuel prices and the continued effects of a sluggish U.S. economy.

The company, the parent of American Airlines and TWA, also said it will take a $425 million charge in the second quarter to write down a number of aircraft.

Analysts polled by Thomson Financial/First Call are expecting the Fort Worth, Texas, company to earn 41 cents a share in the period, down from $1.75 in the year-ago second quarter. ...