2024-04-04 13:00:12 ET
Summary
- American Airlines Group Inc. stock remains below $15 despite positive projections and expected profits.
- Q1 is always seasonally tough for airlines due to lower travel and restrictive weather, while higher fuel costs hits profits over the short term.
- American Airlines Group stock only trades at 6x '24 EPS based on fears the airline doesn't hit targets.
No matter the positive projections from American Airlines Group Inc. ( AAL ), the stock just remains stuck below $15. The airline sector is dynamic, but the stock market constantly views this as a reason to fear financial results. My investment thesis remains ultra Bullish on the company projected to generate substantial profits and free cash flows going forward, while the stock still trades close to the Covid lows....
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American Airlines: Insatiable Fear