This Airline Stock Dives on Pilot Retirements and Bankruptcy Rumors

Shares of American Airlines’ parent company, AMR Corp. (NYSE:AMR), are down over 33% today on news that the company’s pilots have been retiring en masse.  Agence France Presse is reporting that 200 pilots have retired in the past month, and that traders are talking about a potential bankruptcy filing in the near future.  Volume, at over 50 million shares, is more than six times the average trading volume of around 9 million shares.

Following is some information on the stock price performance of this company and its competitors:

  • AMR Corporation (NYSE:AMR):  The shares recently traded at $1.97, down $0.99, or 33.45%, on the day.  The shares have traded in a 52-week range of $1.75 to $8.98 and its market capitalization is $660.36 million. About the company: AMR Corporation operates an airline that provides scheduled passenger, freight, and mail service throughout North America, the Caribbean, Latin America, Europe, and the Pacific.  The Company also provides connecting service throughout the United States, Canada, and the Caribbean.  In addition, AMR provides aviation services, call center management services, and investment advisory services.
  • Delta Air Lines, Inc. (NYSE:DAL): The shares recently traded at $6.75, down $0.75, or 10%, on the day.  The shares have traded in a 52-week range of $6.41 to $14.54 and its market capitalization is $5.71 billion.  About the company: Delta Air Lines, Inc. provides schedules air transportation for passengers, freight, and mail over a network of routes throughout the United States and internationally.
  • Alaska Air Group, Inc. (NYSE:ALK): The shares recently traded at $52.30, down $3.99, or 7.09%, on the day.  The shares have traded in a 52-week range of $4.86 to $70.61 and its market capitalization is $1.88 billion.  About the company: Alaska Air Group, Inc. is an airline holding company.  The Company, through its subsidiaries, provides air service to passengers in multiple destinations.  Alaska Air also provides freight and mail services, primarily to and within the state of Alaska and on the West Coast.
  • United Continental Holdings (NYSE:UAL): The shares recently traded at $17.18, down $2.20, or 11.35%, on the day.  The shares have traded in a 52-week range of $15.92 to $29.75 and its market capitalization is $5.66 billion.  About the company: United Continental Holdings, Inc. is an airline holding company.  The Company owns and operates airlines that transports persons, property, and malls throughout the United States and abroad.

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet