The reason for American Airlines’ financial collapse, which has caused debt to skyrocket, investors to leave, and the stock to drop 90% to what one analyst refers to as “bonkers”
It’s difficult to imagine a major company, large or little, that investors detest more than American Airlines. Its stock is currently hovering around the same very low levels as it was at the worst of the COVID crisis, when the world’s fleets were grounded. American’s market value has plummeted to a pitiful $7.1 billion as … Read more