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Non-Tech : American Airlines (AMR) -- Ignore unavailable to you. Want to Upgrade?

To: Outer-limits who wrote (55)	10/8/2002 10:40:15 PM
From: verdad	Respond to of 152

I agree with your strategy, I just question the health of the airline industry. If petrol prices continue to rise, so does the cost of flying planes. And no one's going to be traveling if war, economy etc. continue to do poorly. But, if you have faith in the biggest fish and U.S. govt to continue to bail them out, then maybe you'll get lucky.

To: Outer-limits who wrote (55)	10/9/2002 12:42:00 AM
From: verdad	Read Replies (1) \| Respond to of 152

Lehman Cuts AMR, Airline Sector Tues, October 1, 2002 CHICAGO, Oct 1 (Reuters) - Lehman Brothers airline analyst Gary Chase on Tuesday cut his rating on AMR Corp. (NYSE:AMR - News), parent of American Airlines, and on the airline sector at large, except for Southwest Airlines (NYSE:LUV - News), which he raised. Chase cut AMR to "underweight" from "equal weight" but raised Southwest to "overweight" from "equal-weight." He changed his rating on the overall airline sector to "neutral" from "positive." Shares of major U.S. airlines have undergone a freefall this year, with many trading in the single digits as travel demand remains lower and fares, cheap. "We believe that downside risk in major airline shares is limited over the next several months as the sector appears oversold," he said. "However, we see little in the way of near-term catalysts to clear up the tremendous uncertainty facing the industry. Against that backdrop, we believe that a sustained rally in major airline shares is unlikely before late 2003." biz.yahoo.com