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Barchart
Anushka Mukherji

Why David Tepper-Founded Appaloosa Is Betting Big on American Airlines Stock

American Airlines David Tepper Appaloosa AAL

American Airlines Group (AAL) is back in the spotlight after Appaloosa Management, the hedge fund founded by David Tepper and Jack Walton, took a new position in the airline. According to Appaloosa’s latest 13F filing, the firm purchased 7.5 million shares of American Airlines during the second quarter of 2026, signaling renewed interest in a stock that has had a turbulent ride so far this year.

American Airlines has continued to see strong demand, posting record-breaking revenue in its latest quarterly report, but that momentum has been overshadowed by a sharp squeeze on profits. Soaring global jet fuel prices, combined with broader macroeconomic pressures, have weighed heavily on the company’s bottom line and kept the stock volatile throughout 2026.

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