With airline traffic picking up after 3 months of quarantine, Airlines are starting to work up to its ATH. AAL was at $30.16 before the pandemic hit in early march. In 2018 ATH was around $59.00. Airlines have been getting loans from the Government. AAL has secured 5.5 billion in loans and is looking to secure more by the end of September. In my opinion LUV, DAL, and SAVE are better airlines to invest in or JETS (airline ETF, all airlines), keeping in mind AAL could possibly file for bankruptcy. Shares for your long term portfolio or ITM Calls for 2021 or 2022 could be good for AAL or either of these stocks I mentioned.
credit: Danny Devan
credit: Danny Devan