Originally Posted by
NotMrNiceGuy
Does anyone remember how much cash AMR had when it declared bankruptcy the last time? Wasn’t it around $8 billion or am I misremembering?
It was, and that why the Judge called them out and made them pay common stock holders in the restructuring.
AMR shareholders made a killing (dallasnews.com)
and in other news looks like Redit is coming to rescue, just like GameStop.
American Airlines' shares surge as shorts squeezed after results | Reuters