American Airlines parent AMR Corp. launched the US first-quarter reporting period on a decidedly down note yesterday, posting a $328 million net loss compared to an $81 million profit in the year-ago quarter and projecting a difficult 2008 owing largely to "very volatile" fuel costs. "There's really no playbook for $110 oil," Executive VP-Finance and Planning and CFO Tom Horton conceded. "That means the revenue and expense equation is broken." AA domestic mainline capacity will be trimmed ...

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