The biggest worry surrounding American Airlines Group (AAL) was the large debt load and whether the company could get back to cash flow positive quick enough to repay debt. For this reason, a lot of people have speculated on whether the weaker airline would go bankrupt.The airline just raised about $2 billion reducing the bankruptcy fears. The bigger question all along was whether the airline had value here around $12.50, not whether American Airlines was ever going to end up bankrupt. Equity RaiseAmerican Airlines raised nearly $2 billion via an equity offering of 74.1 million shares and $1 billion via …read more
Source:: Yahoo Finance
