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

14.22

Mkt cap

9.5B

Volume

23M

High

14.40

P/E Ratio

33.47

52-wk high

16.15

Low

14.05

Div yield

N/A

52-wk low

9.07

A midair incident involving a Boeing 737 MAX 9 operated by Alaska Air Group has led to significant disruptions across the aviation industry. The incident has caused increased costs and operational strains for airlines like Southwest Airlines, Allegiant Travel, United Airlines, and American Airlines. Boeing's delivery slowdown has also impacted suppliers and led to management changes and increased inspections. Boeing's stock has declined over the past year, and investors can gain exposure through aerospace ETFs.

Portfolio Pulse from Shivani Kumaresan

July 17, 2024 | 3:08 pm

Top Wall Street analysts have downgraded several major stocks, including Qualcomm, Chevron, American Airlines, Five Below, and Spirit AeroSystems. These downgrades come with revised price targets and reflect a more cautious outlook on these companies.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 1:39 pm

Top Wall Street analysts have updated their outlooks on several major companies, including Amazon, Southwest Airlines, J.B. Hunt Transport, Albany International, Spirit Airlines, UnitedHealth Group, BP, Netflix, Five Below, and American Airlines. These updates include both price target changes and rating adjustments.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 12:36 pm

TD Cowen analyst Helane Becker has downgraded American Airlines Group (NASDAQ:AAL) from Buy to Hold and lowered the price target from $16 to $10.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 9:32 am

UnitedHealth Group (UNH) reported better-than-expected Q2 earnings, leading to a 5.7% rise in its stock price. Other notable gainers include AngioDynamics (ANGO), Bank of America (BAC), and Shopify (SHOP), among others.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 3:09 pm

Evercore ISI Group has maintained an In-Line rating on American Airlines Group (NASDAQ:AAL) but has lowered the price target from $17 to $13.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 2:29 pm

American Airlines (NASDAQ:AAL) has announced a conditional purchase agreement with ZeroAvia for 100 hydrogen-electric engines, aiming to power regional jets with zero inflight emissions. This move aligns with American's sustainability goals and includes increased investment in ZeroAvia. The initiative supports American's goal of achieving net-zero greenhouse gas emissions by 2050.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 4:16 pm

Investors with significant capital have taken a bearish stance on American Airlines Group (NASDAQ:AAL), as observed through unusual options trading activity. Benzinga's options scanner identified 9 uncommon trades, with 7 being puts and 2 calls, indicating a bearish sentiment. The predicted price range for AAL is between $5.0 and $15.0 over the next three months.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 4:16 pm

American Airlines has entered a conditional purchase agreement with ZeroAvia for 100 hydrogen-electric engines to power regional jets, aiming for zero emissions except for water vapor.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:03 pm

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

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