American Airlines: Breathing Room

American Airlines has over $17 billion in liquidity to survive the current air passenger traffic crash.
The company has billions in unencumbered assets and a very valuable loyalty program as additional collateral for more funding.
May 8th passenger traffic was up over 25% to the highest level since March 25.
The market continues to misunderstand daily cash burn rates making the stock a buy at $10.
The story of the day for American Airlines Group (AAL) is that the airline now has breathing room. With the government aid, the company has the liquidity to survive as passenger traffic continues to grow on a weekly basis even faster than ridesharing. The market remains highly fearful due to negative headlines such as Warren Buffett selling shares, but my investment thesis is even more bullish here.
Read the full article on Seeking Alpha. 

Disclosure: Long AAL, UAL. Please review the disclaimer page for more details. 

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Anonymous said…
Go back to the family business of sucking off strangers down at your miserable town's gloryhole, Mark. Fraudulent cunt.

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