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Appaloosa adds American Airlines stake after 13F filing
Appaloosa Management bought 7.5 million shares of American Airlines Group in the second quarter of 2026, despite investor concerns over jet fuel costs squeezing profits.
American Airlines Group is drawing renewed attention after Appaloosa Management, the David Tepper-founded hedge fund, disclosed a new position in the airline in its latest 13F filing, according to Yahoo Finance.
Appaloosa purchased 7.5 million shares of American Airlines during the second quarter of 2026, signaling fresh interest in a stock that has been volatile during 2026.
Yahoo Finance also points to strong demand for American Airlines, with the company reporting record breaking revenue in its latest quarterly update.
Even with momentum on the top line, persistently high global jet fuel prices and broader macroeconomic pressures have weighed on profits, the outlet said, contributing to the stock's turbulence through the year.