US Airways (LCC) and American Airlines parent AMR Corp. (AMR) fell to multi-year lows Thursday after a wave of sell offs in the wider market.
Shares of AMR dropped as much as 10% today, hitting an eight-year low of $1.63 before�regaining some ground during afternoon market action. The Texas-based airline has been the focus of bankruptcy fears as it faces�an anticipated drop in business-travel demand early next year.
Meanwhile, US Airways shares also maed a slight recovery after hitting a�two-year low of $4.41 earlier Thursday.
The Tempe, Ariz.-based airline doesn’t hedge against volatile fuel prices, making the stock sensitive to changing energy prices.
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