- 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
American Airlines Group has a lot of cash
Jan 17 2014, 11:15 ET