Oct 13, 2020
2 min read
Results: American Airlines Remains A Bad Bet
Initial Predictions: $AAL will be trading below $15 by the end of September.
A couple weeks ago American Airlines announced that it was cutting 9,000 additional jobs and furloughing about 19,000 employees. It’s also planning to reduce routes, with a warning that there are more cuts to come if Federal aid doesn’t materialize soon.
