That very same morning I was flying AAL to Charlotte and on to Myrtle beach. We all take flying so casually these days we forget what disaster can await. Fortunately no injuries or deaths. The latest evaluation says the right engine exploded spewing parts as far as 1000 feet away. It could have been much worse...someday it will. Just a matter of chance. http://stockcharts.com/h-sc/ui?s=aal No chance for the stock to react as yet. I actually doubt there will be much reaction. "Together with American Eagle and US Airways Express, the airlines operate an average of nearly 6,700 flights per day to 339 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C." So what's one airplane full of people more or less. Trade: AAL May 55/50 bear call spread for a net credit of $61 Yield = 61/439 = 13.9% in 164 days or 31% annualized Prob = 84% I'll see what prices are tomorrow morning. Here's just 24 minutes at Charlotte.
Sue em! What a cool lookin' dog huh. http://www.foxnews.com/us/2016/10/3...ines-for-barring-service-dog-from-flight.html
One is still safer on a plane than in a car, but accidents do happen. It's inevitable, unfortunately.
http://stockcharts.com/h-sc/ui?s=aal So the stock market is completely unconcerned about the accident in Chicago. OK