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Airline Biz Blog
AMR market cap drops below $1 billion
The market capitalization of AMR, parent of American Airlines, dropped below $1 billion during the day Friday, the first time it has been below that mark in more than two years.
When the stock price dropped to $2.98 a share, that put AMR's market cap at $998,917,691.40, based on the 335,207,279 shares that were outstanding as of July 14.
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