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Salon
Salon
Politics
Cara Michelle Smith

AA's jet crashed, but its stock didn't

You might think there's no bigger threat to an airline's bottom line than a fatal plane crash.

But the day after American Airlines Flight 5342 collided with a U.S. Army helicopter in Washington, D.C., killing all 67 people onboard, shares of the company were trading just 2.5% lower. The decline grew four days later, with shares trading 4.5% lower than the day before the crash.

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