Airline Fanatic

Breaking News: American Airlines announced this morning that they will divest themselves (investment speak for sell) their American Eagleregional subsidiary next year.  I think this is probably good news for them.  American Eagle has lots of old aircraft and probably runs a lot of American’s shortest and biggest money losing routes.  Cutting them out will definitely improve the financials at AMR.

Shareholders were pleased with the announcement – American Airlines stock (AMR) is currently up about 8% on the news.

[Via PlaneBuzz]