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According to Yahoo Finance American Airlines says it will beging furloughing 19,000 workers after lawmakers cant agree on a deal
According to Yahoo Finance American Airlines says it will beging furloughing 19,000 workers after lawmakers cant agree on a deal. Personally , what do you think should lawmakers do? I myself am a owner of American Airlines , and it make me a little nervous . I have hopes that a vaccines is successful soon , and the travel industry can get back to normal. Personally, at the peek of the pandemic i bought multiple shares of many travel industries, i have made money in them, but i am holding on for greater returns. Should i sell and take the profits, or will the market turn around in your opinion.
Expert Solution
I think that lawmakers should be allowing the company in case of the employee lay off because it will help the company in order to eliminate the excessive cost and I also think one should be booking out on the profit of the airline companies share because the market is always rallying onto the expectation and selling onto the news, so when there will be the normality which will be the returning into the entire economy, then it will be leading to correction of the share price which is reflecting the expectation which is built into the prices of the airline.
I do not think that individuals should be holding onto the shares because the markets have been rallying on to the expectation and they cannot really forever without the underlying situations going back to the normal, and hence I will advise the individual to square off his position and realise his gains.
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