AMR may sell American Eagle
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From Times Wire Service
American Airlines parent AMR Corp., studying a spinoff or sale of its American Eagle regional unit, said it gave financial and other data to “interested parties.”
The materials were provided “in early May,” AMR said in a letter to the Securities and Exchange Commission. Neither the information nor who received it was revealed.
The disclosure marks the first public signal of interest in Eagle since AMR said Nov. 28 that it would divest the unit. A 57% jump in jet-fuel prices since then is pushing the U.S. airline industry to possible record losses.
