American Airlines Has $10 Billion Burning a Hole in Its Pocket

Photograph by Andrew Harrer/Bloomberg

The new American Airlines’ fourth-quarter results were broadly in line with the profitable holiday travel season reported by its domestic peers. One thing that’s definitely not seen at other U.S. airlines, however, is the $10.3 billion in cash American has in its coffers—about one quarter of the airline’s annual revenue.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.