I agree with you & I've been posting this all last year. Anyone can close branches & cut staff. He not a banker & has never understood what it takes. It amazing that he's still running BAC. When is the board & major funds going to realize it. Disgraceful.
It's about AAL's debt. The other airlines have paid down their debt from the huge amounts of money they're making on the huge oil drop. Investors will invest in other airlines that's reducing their debt.
AAL will receive more savings from this last years oil fall, than any other airlines. The problem with the stock, Investors do not like debt ridden company. If management starts to reduce AAL's debt, then watch how it will be bought up. AAL has to much debt compared to the other airlines. Take some of the oil savings & pay off some debt & raise the dividend. To much cash is setting in AAL's bank account. WHY? Wake up management & look at what the other airlines are doing.
AAL investors have watched AAL's stock price from last year January 2015, do nothing but go down. It seems the only major buyer this last year, has been the buybacks from the company. With the company not being able to buy the stock back on this black period before earnings, most investors are buying the other airlines. SAVE, HA, DAL, LUV & even JBLU are being bought before AAL. Management needs to wake up & reduce the debt in AAL. Companies that have little or no debt like Exxon (XOM) have weathered this weeks oil drop. Investors do not like to invest in debt ridden companies in turbulent times. If Parker gets smart this earnings call, he will say, "AAL is paying off debt from the savings it made from this huge oil drop. "
As for trade in MU Mongo(Who names their child that), the fund takes positions & has stops. Sorry to tell you, we made a little on the trade. As I explained to Bears, the market gives at least 3 to 4 times a year to buy on dips & sell on the rips. My equity fund is up for the year. But thanks for being concerned. That's more than AAL's management would do for you.