American Airlines Group Inc (AAL)

[hellcatjr]

Why?

Their underlying conditions are horrible. Travel capacity is in the floor, there is nothing to support the notion that airlines will come back roaring to where they were pre-covid b/c demand is in the floor.

A lot of over-optimistic hype so that people can exit at a better price, $9-10 is far more realistic.

Airline capacity seen down by 70% in July; 55% for U.S. air carriers
https://www.marketwatch.com/story/airline-capacity-seen-down-by-70-in-july-55-for-us-air-carriers-2020-06-15

That means income revenue will be a whole lot lower --- any real value won't be seen until perhaps 2021. For the last 3 years AAL has slowly dwindled down from $50.

Even Jerome Powell said today that Travel/Entertainment are essentially dead this year and finding work in those areas will prove difficult. So while speculators are going to play around w/the stock... any real meaningful appreciation won't come until towards the end of the year but alas this is just my opinion.