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American Airlines Delivers Rich Payout

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Whe American entered bankruptcy in Nov. 2011 shares dropped so low they reached 20 cents a share, putting the company's value at an incredibly low $90 million, less than one of its planes! Most shares bought in 2013 have multipled in value 13 times, as the stock surged 46% since opening to $35.98. AMR shares dropped to $2.06 when the Justice Dept. blocked the merger with US Airways in August and were at $7 for 2 months before the airlines made a settlement in November 2013.

The big payoff for AMR investors in 2013 making it one of the best distressed investments ever

04/09/2014

After the Justice Department initially denied the AMR merger with US Airways the stock dropped to about $2.00. It was at $38 in the beginning of April 2013. AMR went into bankruptcy in 2011. AMR investors now control about 40% of the new American Airlines Group stock. At one point AMR was valued at 90 million, at 20 cents a share.

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