Two Airline Stks Hit New Lows

[Stocks-to-Watch]

US Airways (LCC) and American Airlines parent AMR Corp. (AMR) fell to multi-year lows Thursday after a wave of sell offs in the wider market.

Shares of AMR dropped as much as 10% today, hitting an eight-year low of $1.63 before*regaining some ground during afternoon market action. The Texas-based airline has been the focus of bankruptcy fears as it faces*an anticipated drop in business-travel demand early next year.

Meanwhile, US Airways shares also maed a slight recovery after hitting a*two-year low of $4.41 earlier Thursday.

The Tempe, Ariz.-based airline doesn’t hedge against volatile fuel prices, making the stock sensitive to changing energy prices.



Original Article Source by Barrons.com