American Airlines Stock: Waiting For Takeoff
- Monday, August 30, 2021, 7:14
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To strengthen the balance sheet, American Airlines is targeting to reduce $15 billion of long-term debt by the end of 2025. Notably, the company plans to use excess cash from operations to repay debt and purchase new aircraft. Per recent filings, AAL has $20 billion of net debt on its balance sheet.
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