JP Morgan’s airline analysts gave a thumbs down to AA’s progress to date under Chapter 11 protection stating: “We’re underwhelmed with aspects of AMR’s restructuring plan.” “Where the plan falls short, in our opinion, is in addressing the decade-long marginalization of its domestic market. AMR’s proposed $1 billion of incremental revenue, comprising merely increased code-sharing and larger regional jets, strikes us as ambitious, and would not solve what we see as its domestic deficiencies relative to superior network alternatives available at Delta and United.” Delta is in a good position to purchase AA and IAG is currently speaking to Delta

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