ATL permanently destroyed a lot of capital when they bought and...

ATL permanently destroyed a lot of capital when they bought and sold their Us fleet at a loss

those loses are permanent, so you can’t expect the stock to be worth what it was at $1.8

at best on a economic level, it’s closer to $1

this is based on the current sunk cost of their fleet and the potential revenue operating at full capacity.

if they wish to expand the fleet, they need to raise more debt to fund the purchase or take it out of cashflow