American Airlines Shares Plummet

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American Airlines Shares Plummet

NEW YORK (AP) -- American Airlines' stock price plummeted on Thursday, falling to levels not seen since 1983 as trading volume soared.
The entire airline sector has been under pressure lately, but shares of American have taken an especially big hit in the past two weeks. American's stock has lost half of its value since the beginning of the month.

AMR closed at 4.90, a 52 week low, down nearly 16% just today.

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Airlines stocks get little relief

NEW YORK (CBS.MW) -- US Airways, the only bankrupt carrier among the sector's main components, got the most attention in early trading Friday as investors weighed the good, the bad and the ugly in the group.

Shares of AMR (AMR: news, chart, profile), parent of American, rose 5 cents, or 1 percent, to $4.95 after hitting a string of new lows earlier this week.