AMR posts heavy fourth-quarter, annual losses, sees capacity down 6.5% this year

American Airlines parent AMR Corp. reported a net loss of $340 million for the fourth quarter of 2008, propelling it into a full-year loss of $2.07 billion, its largest annual deficit since 2002 and a significant reversal from net income of $504 million in 2007. Fourth-quarter results included a $23...

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