American Airlines is holding extra cash as market stays ‘choppy’

American Airlines Group will hold on to more of its record $21b in cash amid continued uncertainty over the industry’s recovery from a pandemic-driven slump. The carrier previously said it would bring liquidity down to between $10b and $12b at some point next year, with anything above that level being used to pay off debt. In a presentation for investors Thursday, American said it’s reevaluating its plans, without specifying how much cash it expects to retain or for how long. American Airlines will hold on to more of its record $21b in cash amid continued uncertainty over the industry’s recovery from a pandemic-driven slump. The carrier previously said it would bring liquidity down to between $10 billion and $12 billion at some point next year, with anything above that level being used to pay off debt. In a presentation for investors Thursday, American said it’s reevaluating its plans, without specifying how much cash it expects to retain or for how long.<br/>