The recent change by American to start charging for checked luggage has got to be one of the biggest blunders and bonehead moves since Coke changed to New Coke. The stock is already off 20%.
I disagree. And at this moment, AMR is off almost 21% and UAUA is off more than 20% as well.
I don't care if other airlines follow suit. AA needs to jettison its least profitable and costliest travelers, and this may be a good way to do it.
Edit: 2 minutes later, UAUA is off over 23% and AMR is still off 21%; I expect further stock price carnage to hit all legacies today in coming days.
Further edit: one minute later, UAUA is off 25%.