American Airlines Has Already Written Down a Quarter of Its Investment in China Southern

In the second quarter American Airlines wrote down the value of its investment in China Southern airlines. In response to a question about financials, the airline told employees "Non-operating special items principally included $52 million of mark-to-market net unrealized losses primarily associated with the company’s equity investment in China Southern Airlines." $52 million would equate to 26% of the original $200 million investment in China Southern made just two years earlier.

Continue reading American Airlines Has Already Written Down a Quarter of Its Investment in China Southern...