Jim Cramer Answers If the Market Has Bottomed and Weighs In On 11 Stocks

6. American Airlines Group Inc. (NASDAQ:AAL)

Number of Hedge Fund Holders: 59

A viewer asked whether American Airlines stock could ever “take off again.” Cramer was pessimistic, citing its weak share performance and noting it’s back at pandemic-era levels.

Here’s his reply:

“You know what I am I’m bummed about American Air. Do you know that it’s back to where it was during COVID times? And it- it’s really a shame because they’re a better company than that.”

Last month, Cramer expressed his opinion on travel and leisure stocks. Here’s what he said about American Airlines Group Inc. (NASDAQ:AAL)’s earnings outlook then:

“And several other airlines mainly followed suit. American slashed revenue outlook for the first quarter and guided for much larger than expected loss… But honestly, these names have already come down dramatically over the past few weeks. This makes them very interesting to me. After this week’s blood bath, you got a lot of them are down 35 to 40%.

So given all the newfound negativity, why on earth would I stick my neck out and recommend some cheap travel plays? Look, as tough as these airlines, the updates were, the collective news, frankly, it wasn’t that horrible, at least not if you listen closely.”