Streetbeat News

AAL

American Airlines Group Inc.

https://www.aa.com

Industry

Airlines, Airports & Air Services

American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2021, it operated a mainline fleet of 865 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1930 and is headquartered in Fort Worth, Texas.

Open

13.94

Mkt cap

Volume

20M

High

14.00

P/E Ratio

32.43

52-wk high

16.15

Low

13.60

Div yield

N/A

52-wk low

9.07

The S&P 500 Index has gained 14.48% this year, driven by expectations of Federal Reserve rate cuts, strong corporate earnings, and optimism over AI technology. The SPDR S&P 500 ETF Trust (SPY) ended the latest session down 0.39%. Analysts are optimistic about further gains, with Evercore ISI predicting the index will end the year at 6,000. The top performers include Super Micro Computer (SMCI), Nvidia (NVDA), and Vistra (VST), while laggards include Walgreens Boots Alliance (WBA) and Lululemon Athletica (LULU). Analysts expect underperformers to rebound if the Fed cuts rates in September.

Portfolio Pulse from Shanthi Rexaline

June 30, 2024 | 10:02 pm

Alaska Airlines (ALK) and its flight attendants' union have reached a tentative agreement for a record contract, which will undergo review and a member ratification vote. This development is seen as a positive step for the airline's workforce and may set a precedent for future industry negotiations. In contrast, American Airlines (AAL) is facing challenges in its contract negotiations with its flight attendants. ALK reported better-than-expected Q1 FY24 revenue and EPS. ALK shares are trading higher by 1.75%. Investors can gain exposure via JETS and IYT ETFs.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 3:07 pm

American Airlines (NASDAQ:AAL) shares experienced volatility on Friday amid potential labor unrest as unionized flight attendants threaten to strike due to unresolved contract negotiations. Despite the tension, AAL shares are trading slightly higher. The airline has also lowered its earnings and operating margin forecasts for the second quarter.

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 2:48 pm

American Airlines Group Inc. (NASDAQ: AAL) is facing significant bearish signals, both fundamentally and technically. The stock has plummeted 32.22% over the past year and 18.16% year-to-date. The departure of Chief Commercial Officer Vasu Raja, a downward revision of second-quarter earnings, and a bearish Death Cross signal indicate potential for more downside ahead.

Portfolio Pulse from Surbhi Jain

June 17, 2024 | 6:24 pm

American Airlines Group (NYSE:AAL) has seen a significant increase in short interest, rising 56.34% since its last report. The company now has 83.42 million shares sold short, representing 14.43% of its float. This is higher than the peer group average of 10.52%.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 1:00 pm

Affirm Holdings (AFRM) has partnered with Brittain Resorts & Hotels to offer flexible payment options for hotel guests, allowing them to pay over time for purchases over $150. Affirm reported a 35% growth in travel and ticketing transactions last quarter. The stock has gained over 106% in the last 12 months and is trading higher by 6.04% to $35.84. Investors can also gain exposure through Vanguard Small-Cap ETF (VB) and Vanguard Total Stock Market ETF (VTI).

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 4:22 pm

Southwest Airlines (NYSE:LUV) is under pressure from Elliott Investment Management, which recently acquired a $1.9 billion stake, to reconsider its 'bags fly free' policy. Elliott is pushing for strategic changes, including the introduction of baggage fees, which could impact Southwest's customer loyalty. The airline's CEO, Bob Jordan, reaffirmed the commitment to the free bag policy, but potential compromises may be on the horizon.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 11:54 am

Boeing is close to securing a major order from El Al Israel Airlines for 30 737 Max jets, worth between $2 billion and $2.5 billion. This deal follows a turbulent start to the year for Boeing due to a significant mishap involving the 737 Max. The agreement marks a significant rebound for Boeing, which has faced scrutiny and criticism. Boeing's stock has lost more than 14% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 10:26 am

The article highlights four industrial stocks that are currently oversold, presenting potential buying opportunities. These stocks include Paycom Software Inc (PAYC), Titan Machinery Inc (TITN), American Airlines Group Inc (AAL), and Nordson Corp (NDSN). Each company has experienced recent declines in stock prices and has an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 12:32 pm

American Airlines' CEO announced that the company has offered flight attendants a 17% immediate wage increase and a new profit-sharing formula for 2024. While progress has been made in contract negotiations, there is still significant work to be done.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:59 pm

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