American Airlines to Spin-Off American Eagle 0
Nov28
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]