Airline Stocks Tank After AMR (AMR) Halted on Bankruptcy Fears

A number of airlines stocks are now at the lowest levels of the day after AMR Corporation (NYSE: AMR) was halted on a circuit breaker after plunging on bankruptcy fears. AMR Corporation shares are currently down about 32 percent.

Elsewhere:
US Airways Group, Inc. (NYSE: LCC) down 14%
United Continental (NYSE: UAL) down 10%
Delta Air Lines Inc. (DAL) down 9%
JetBlue Airways Corporation (Nasdaq: JBLU) down 7%
Southwest Airlines Co. (NYSE: LUV) down 5%

UPDATE: CNBC's Phil LeBeau reporting the company has said it is not considering bankruptcy at this time.

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