American Airlines Is a Recession Away From Bankruptcy

Airline stocks appear to be morphing from solid investments into value traps. In particular, American Airline bulls assume the business is not as cyclical as it used to be, thanks to a more consolidated industry. But we already have plenty of evidence that the airline profit cycle is a few years past its peak and a recession will push American into financial distress.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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