Heavy noncash impairment charges and record fuel prices sent American Airlines parent AMR Corp. plunging to a $1.45 billion second-quarter net loss, reversed from a $317 million profit in the year-ago quarter. The noncash charges, announced this month (ATWOnline, July 3), comprise a $1.1 billion writedown of the value of certain aircraft and related assets and approximately $55 million in employee severance-related costs. Excluding the charges, AMR's second-quarter loss was $284 ...

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