American Airlines Group has a lot of cash

|About: American Airlines Group (AAL)|By:, SA News Editor

American Airlines Group (AAL +2.1%) disclosed earlier this week that it has $10.3B in cash and investments.

Though it will take some time to smooth out integration costs and financial reporting, the cash position is larger than what analysts expected.

Down the road, the excess liquidity will likely be used to further reduce the company's debt load or "reward" shareholders, says JPMorgan.

SEC Form 8-K