Wall Street Journal Wonders if American Airlines Might Be in Play

Intriguing item just posted to The Wall Street Journal‘s Deal Journal blog. Something to do with the headline: “American Airlines: Preparing For a Sale?” It’s a short item, but a complicated one involving AMR, American’s parent company, and the pending sale of its asset-management business, which is owned by Dallas-based Pharos Capital Group and Fort Worth-based TPG Capital, as well as its ditching American Eagle. And, of course, there’s the news today that AMR lost $328 million during the first quarter of this year — after making $81 mil during the same period in ’07. –Robert Wilonsky