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During American Airlines 2011 bankruptcy and subsequent merger with US Airways. Creditors ended up getting paid in full and people who bought the stock for a fe
by sgerenser 6y ago
During American Airlines 2011 bankruptcy and subsequent merger with US Airways. Creditors ended up getting paid in full and people who bought the stock for a few pennies made 40x on their investment.
https://www.wsj.com/articles/shares-of-bankrupt-american-airlines-go-sky-high-1386117530 https://www.wsj.com/articles/shares-of-bankrupt-american-air...