1. Despite positive industry outlook and new credit card deal, American Airlines remains a hold due to high debt, lower margins, and premium valuation. 2. Q3 2024 earnings showed revenue growth and reduced debt, but net income loss persists; Q4 2024 earnings guidance was recently increased by management. 3. A new exclusive credit card partnership with Citi aims to boost loyalty program earnings but faces regulatory challenges and rising credit delinquencies.