New York, NY -- (ReleaseWire) -- 04/18/2013 --Reuters reported that AMR Corporation’s (OTCQB: AAMRQ)subsidiary American Airlines said its operations returned to normal on Wednesday after it canceled nearly 1,000 flights on Tuesday because of a computer outage.
The airline also said it halted about 100 flights on Wednesday to reposition crews and planes, and because of bad weather in the Chicago area.
At Dallas Fort Worth International Airport (DFW), American's biggest hub, the carrier canceled 37 fights for Wednesday but was operating on schedule, spokesman David Magana said.
"We had about 1,500 passengers who opted to stay overnight inside DFW Airport terminals, but today the passenger check-in lines have subsided," he added.
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According to Federal National Mortgage Association (OTCQB: FNMA) Economic & Strategic Research Group, recent data indicate that economic growth in the first quarter has accelerated to an above-trend, but likely unsustainable, pace of 3.2 percent.
A significant buildup in business inventories provided a one-time boost to first quarter growth and is expected to resume a more balanced level in the second quarter. Meanwhile, several other key indicators late in the first quarter, including a downbeat March jobs report, were soft, presaging a more moderate pace for the rest of the year. The Group expects growth to come in at approximately 2.3 percent for 2013—still modest by recovery standards, but a pickup from the 2012 and 2011 pace of 1.7 percent and 2.0 percent, respectively.
"The April forecast reflects the growing realization that 2013 is off to a good start from a GDP perspective, but we expect the stronger-than-expected first quarter pace to slow somewhat in the second quarter," said Fannie Mae Chief Economist Doug Duncan.
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