American Airlines Just Bought Back 6% of Its Stock…In a Single Quarter
October 09, 2015 at 15:24 PM EDT
American Airlines (AAL) released its traffic update today but analysts have focused on its share repurchases, which were simply enormous. Wolfe Research’s Hunter Keay explains: Reuters Trust us when we say, American Airlines understands that the trajectory of its stock is heavily dependent on PRASM trends. Rather than be frustrated by it (which they are though), American […]