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DALLAS (AP) - The parent of American Airlines, the nation's largest carrier, reported a $153 million loss in the third quarter despite a 15 percent rise in revenue, as it was hit by rising jet fuel prices and tough competition from low-cost carriers.
AMR Corp. said it also expected to post a "significant" loss in the fourth quarter. Its chief executive said the results showed the need to accelerate cost-cutting moves.
AMR said it lost 93 cents per share in the July-September period, versus a net loss of $214 million, or $1.33 per share in the year-ago quarter.
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