Winners

1. Avianca Holdings SA ($AVHOQ). There is light at the end of the tunnel. With vaccines sparking more confidence in flying — TSA numbers are way up, hitting a high of 1.5mm people on 3/21/21 — the airliner intends to exit bankruptcy by the end of the year with a reduced fleet size but more dense seating (believe it or not).

2. CBL Properties ($CBLAQ). There is light at the end of the tunnel! The company entered into a restructuring support agreement with its credit facility lenders and unsecured noteholders, effectively ending a months-long pissing contest with Wells Fargo Bank ($WFC) and…

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