Behind the tailspin at American Airlines that has sent debt soaring, investors fleeing, and the stock plunging 90% to a level one analyst calls ‘bonkers’
DownvoteIt’s hard to think of any big, important enterprise—now or ever—more reviled by investors than American Airlines. At present, its stock is languishing at around the same, super-depressed levels as when the world’s fleets sat grounded during the depths of the COVID crisis. Since peaking in early 2018, American’s shares have dropped roughly 90%, crushing its market…
This story from fortune.com was posted on 2023-11-11 by @daydreamr.