American Airlines Group Inc.
AAL
position
short
Bill Nygren, Harris Associates
Thesis
We sold our position in American Airlines due to concerns about its ability to survive the unprecedented downturn in global travel caused by COVID-19.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's unclear whether the thesis regarding American Airlines' ability to survive the downturn has been validated or not. The impact of COVID-19 on the airline industry is significant, but without further information, we cannot determine the outcome of the short position.
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