Airbus invades American air space
There are undoubtedly many who will decry AMR’s Airbus order as downright un-American. It certainly won’t help the nation’s trade balance.
But AMR is behaving in accordance with that most American of business traditions: looking out for itself. And Wall Street loves it, so much so that it looked right past the ugly $286 million second-quarter loss AMR posted Wednesday morning, sending the stock nearly 4% higher at the open in a clear bet on the airline’s future — Airbus and all.