Earnings Preview: AMR Corporation

AMR Corporation AMR is set to report earnings tomorrow before the bell, and Wall Street will be looking forward to hearing what the airline company has to say about higher oil prices and the ability to generate higher revenues in the face of a troubling U.S. economy. At last check, shares of AMR Corporation were off 4 cents to $4.87, a loss of 0.8%, despite the broader markets being up strongly today on strong earnings reports from bellweather companies. Wall Street is expecting a loss of 75 cents per share on $6.12 billion in revenues during the quarter. This compares to a year ago, when the company reported a loss of 3 cents per share on $5.67 billion in revenues. Guidance for the subsequent quarter is expected to come in at a loss of 19 cents per share on $6.41 billion in revenues. AMR Corporation operates in the airline industry. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia.