American Airlines shares will drop 28% in 2025, but billionaire David Tepper is betting on a change of course
Down more than 28% in 2025, American Airlines (AAL) stock has lagged the broader markets by a wide margin this year. However, David Tepper, the billionaire hedge fund manager at Appaloosa Management, added 9.25 million AAL shares to his portfolio in the third quarter. The equity stake represents a bold contrarian bet on the struggling…