- Shares of American Airlines Group (AAL) rise close to 7% to $24.35 in early trading as holders of US Airways and American Airline size up their positions following the distribution of AAL shares.
- Traders expect some selling pressure in the near-term as creditors of American convert their holdings to cash, but airline analysts like the long-term profit potential for American coming out of bankruptcy leaner.
- American Airlines CEO Doug Parker tells CNBC that the carrier's new fleet, which will be coming on board in the next couple of years, will give it an edge over Delta Airlines and United Continental. (video)
American Airlines Group starts off with some tailwinds
Dec 9 2013, 11:12 ET