Relaunching American Airlines's Coverage: Exiting Bankruptcy Into A Successful Turnaround Has Added Value

We figure American Airlines is also in a similar position as Delta and United after their emergence from Chapter 11. Consequently, with the demand for air travel likely to remain stable for the foreseeable future, American's results will likely also improve in the coming quarters. We currently have a stock price estimate of $39.50 for American Airlines, marginally above its current market price.