Skift Take
Some American Airlines shareholders appreciate the stock's appreciation, but it is a pipe dream if they believe a merger won't eventually take place.
American Airlines stock is rising, and not just with US Airways.
Shares of the Fort Worth-based carrier surged 30 percent to $1.18 a share in morning trading after its lead counsel indicated Tuesday that shareholders may be able to recover some value for their equity if the carrier emerges on its own.
In a letter dated Jan. 3, attorney Harvey Miller, the lead counsel for AMR Corp., told a Justice Department attorney that the value of the carrier has "significantly appreciated" due to the "remarkable progress" it has made in its restructuring.
"Depending upon the ultimate strategic alternative adopted and pursued, there exists a reasonable possibility that there may be value for AMR equity holders consistent wit
