1 Reason I Won't Touch American Airlines Stock
American Airlines (NASDAQ: AAL) has a very confident management team. CEO Doug Parker and President Robert Isom routinely tell investors that the whole airline industry has been radically transformed -- and that American will never again lose money. Parker even bet a hedge fund analyst a bottle of wine that American Airlines stock will hit $60 by next November.
However, this confidence is based on "faith" more than facts. Quite simply, management seems to be out of touch. That's a very good reason for investors to avoid American Airlines stock.
At American Airlines' investor day back in September, management talked a lot about playing the long game. This entails making significant investments in technology, aircraft upgrades, and ground facilities; paying employees best-in-class wages; and continuing to grow the carrier's route network to bolster its future competitiveness.
Source: Fool.com
American Airlines Group Inc. Stock
Our community is currently high on American Airlines Group Inc. with 14 Buy predictions and 3 Sell predictions.
With a target price of 18 € there is a hugely positive potential of 87.27% for American Airlines Group Inc. compared to the current price of 9.61 €.
