Yesterday, the price of American Airlines (AAL) stock got stacked after it announced that it expects revenue per seat mile is likely to be 0.5% less than their previous reported expectation of 1.5% to 3.5% grwoth on ayear over year basis. The share price fell $3.16 (8.1%) to finish the day at $35.96. Interestingly, I had just been talking about the company and its investment potential with a friend of mine over a weekend barbecue. I had noted that the share price had fallen from a high of $59.08 witnessed in the first half of January 2018 and had fallen sharply while the rest of the big names in the industry were down only marginally from their highs. Maybe it was time to buy the dip.
