American (AMR), the only one of the big three carriers not to make a deal recently, is plagued by relatively high labor costs and was the only major carrier to lose money in the second quarter. It is, however, expected to show a third-quarter profit. Its shares are down about 17% this year.
Nevertheless, JPMorgan analyst Jamie Baker has a $12.50 price target and an overweight ranking on the shares. Responding to recent revenue per available seat mile guidance that was