American Airlines Group Inc (AAL)

[Green2013]

Thanks for your reply. According to that report at current LCC price AAMRQ would only get $1.15/share. That is my main concern here. I will remain long in AAMRQ as long as LCC can sustain and increase current pps.

Copy paste from report......Moving on, our claims pool estimate is then divided by 504.7m, the expected number of remaining shares to be distributed after AAMRQ holders receive their stake of 3.5%/25.8m shares. By dividing $7.565 billion by 504.7m, one arrives at a $14.99 LCC share price (we round to $15.00). This $15.00 is therefore the “hurdle price” at which creditors receive par + accrued, and AAMRQ holders receive an estimated $1.15/share.