American Airlines parent AMR Corp. posted a first-quarter net loss of $375 million, 10.1% worse than the net deficit of $341 million in the year-ago period, citing "declining revenues, fares and traffic." The steep loss was "obviously a disappointing result," Chairman and CEO Gerard Arpey told analysts and reporters. "The decline in fuel prices [from the year-ago quarter] has been significant, although so too has been the decline in demand." First-quarter operating revenue dropped 15.1% to ...

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