American Airlines Group Inc. (NASDAQ:AAL) is named as one of the 10 Cash-Rich Stocks to Buy Now. UBS analyst upgraded AAL to Buy, citing the airline’s ability to expand profits as corporate travel demand recovers. The airline plans to cut hundreds of corporate jobs after a third-quarter loss, mostly affecting mid-level management and support staff.

The decision to cut jobs follows an adjusted loss of 17 cents per share in the third quarter, compared to a profit of 30 cents per share the previous year. American Airlines Group Inc. (NASDAQ:AAL) operates a large airline network focused on passenger air transportation.

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Read more at Yahoo Finance: UBS Turns More Constructive on American Airlines (AAL) as Corporate Travel Recovers