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Amr Corp.

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20120326-175700-pic-190326155.jpg

Thomas W. Horton, who was elevated from president to CEO of American Airlines parent AMR Corp. on a late-night phone call in November, says the company can't afford to move slowly in bankruptcy protection. (Associated Press)

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Higher fares weren't enough to prevent another loss at American Airlines parent AMR Corp., which lost $162 million in the third quarter this year. Major airlines this week joined in the first widespread airfare increase since early August. (Associated Press)