AAR Corp. (AIR) Sees 'Negligible Financial Impact' from AMR Bankruptcy
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Price: $132.39 -4.87%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +22.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +22.2%
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In response to investor inquiries, AAR CORP. (NYSE: AIR) announced that it expects negligible financial impact as a result of the Chapter 11 bankruptcy filing of American Airlines and its parent company, AMR Corp.
The Company's aggregate accounts receivable exposure to American Airlines is less than $500,000 and current sales to American Airlines account for less than one half of one percent of the Company's annual sales.
The Company's aggregate accounts receivable exposure to American Airlines is less than $500,000 and current sales to American Airlines account for less than one half of one percent of the Company's annual sales.
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