American Airlines is one of the biggest airlines in The United States. As unpredictability is an inherent nature of the airline industry, American Airlines is no exception. Talking about finances, this company has seen it all, starting from bankruptcy in 2011 to a peak of almost 55$ per share in 2018.
Timeline of the company
In 2001 after the pension scandal, where the airline routed pension funds to increase the bonuses for their executives, American airlines were just recovering when 9/11 occurred, where 2 American Airlines were involved in the crashes. AAL stock price at https://www.webull.com/quote/nasdaq-aal plummeted to an all-time7$ per share in 2012, after which they filed for bankruptcy in 2013. They survived the bankruptcy by merging with US Airways to become the biggest Airline in The United States.
Things took off after the merger. The airline had the most number of routes and the largest fleet, profits were flowing in, and in 2018 their stocks reached their peak of 55$ per share. Their total profits stood at almost 10 billion dollars in 2016 from 3 billion in 2014. After this, they started investing in their fleet. They bought new aircraft and refurbished their entire fleet to attract more …