AMR (AMR -60.5%) crashes and burns following its bankruptcy filing, while airline ETF FAA is...

|By:, SA News Editor

AMR (AMR -60.5%) crashes and burns following its bankruptcy filing, while airline ETF FAA is -4.1%. AMR also names 22-year company veteran Thomas Horton as CEO and Chairman to succeed Gerard Arpey, who plans to retire. Horton was named president of AMR and American Airlines in July 2010. (PR)