American Airlines, the second largest U.S. airline posted a biger than estimated loss at $505 million or $1.52 per share for the first quarter of 2010. The same time last year AMR recorded a $375 million, or $1.35 per share loss. Rising fuel costs and a weak economy are still hampering the airline industry recovery.

From the CEO: “As we move forward, we remain focused on continuing to bolster our domestic and international networks, managing our costs, and finding ways to generate additional revenue,” Chief Executive Officer Gerard Arpey said in a statement.

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