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AMR Corp, the corporate parent of American Airlines, has posted the biggest yearly loss in aviation history. The world#8217;s largest airline, battling a perception that it would have to follow some major rivals into bankruptcy, reported on Wednesday a loss of US$3.5bil for 2002, and warned that it must cut costs drastically to keep flying.
DESPITE the turbulent years of war, economic cycles and swings in freight and charter rates, an investor who had held shares in the national shipping carrier, Malaysia International Shipping Corp Bhd (MISC), for the last 13 years would still have a reason to smile.
THE KLSE took a breather yesterday as lingering fears of war in Iraq prompted investors to lock in their profits following the sharp rise in the share prices over the past few days.
THE KLSE Composite Index (CI) resumed its ascent yesterday to end at the day#039;s high of nearly 676 points in heavy trading, after recent good news revived positive sentiment on equities. Total volume for the day surged to a nine-month high of 633.4 million shares from 442.7 million on Monday.