Suspicion Surrounding American Airlines ‘Big Six’ Stock Purchase

June 12, 2019 Admin 0

June 12, 2019

In a recent article published on Inc.com, it was reported that six of American Airlines’ top executives recently purchased over $3 million in company stock, almost half of which was bought by CEO Doug Parker. These six executives now own over $129 million in American stock. After the news of their purchases was announced, the stock surged about 12% making them $300,000 on the stock they just bought and $15 million on the stock they already own.

It is not a coincidence that the “Big Six” made these purchases while the stock was near its lowest … Read More...

New Wall Street Journal Ad Calls Out American Airlines

June 10, 2019 Admin 0

June 10, 2019

The International Association of Machinists and Aerospace Workers is calling out top executives at American Airlines with a new ad in the Wall Street Journal.

Here’s the text of the full-page ad:

“American Airlines stock has dropped to near-record lows under the leadership of CEO Doug Parker and President Robert Isom.

Now, analysts predict AA stock value could drop even lower because Parker and Isom have abandoned the bargaining table and instead have chosen a path which may lead to a lawful strike under the Railway Labor Act.

“Falling oil prices might ease some of the downward Read More...