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

Airline stocks, including American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, Spirit Airlines, Alaska Air Group, JetBlue Airways, and Frontier Group Holdings, rose as oil prices dropped significantly. The decline in oil prices followed Israeli airstrikes in Iran that avoided oil infrastructure, reducing fears of supply disruptions. Lower oil prices are beneficial for airlines as fuel is a major expense.

Portfolio Pulse from Vaishali Prayag

October 28, 2024 | 9:39 pm

Airline stocks are experiencing a rise in share prices due to a decrease in oil prices, which can lead to reduced operational costs for airlines.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 6:03 pm

Investor sentiment turned optimistic as oil prices fell, boosting small-cap stocks and cryptocurrencies. The S&P 500, Nasdaq 100, and Dow saw gains, while the Russell 2000 surged 1.5%. Energy stocks weakened, with the Energy Select Sector SPDR Fund (XLE) in the red. Airlines and cruise lines rallied due to lower oil prices.

Portfolio Pulse from Piero Cingari

October 28, 2024 | 5:22 pm

Three industrial stocks, American Airlines (AAL), United Airlines (UAL), and BWX Technologies (BWXT), have shown significant gains over the past month, indicating potential overbought conditions. AAL and UAL reported strong financial results, while BWXT is set to release its earnings soon.

Portfolio Pulse from Avi Kapoor

October 28, 2024 | 1:13 pm

The DOJ and DOT have launched a public inquiry into airline competition, focusing on mergers, pricing, and rewards practices. This follows the DOJ's recent blocking of the JetBlue-Spirit merger. Spirit Airlines is in financial trouble and may merge with Frontier. The inquiry could impact major airlines and related companies.

Portfolio Pulse from Erica Kollmann

October 26, 2024 | 3:30 pm

American Airlines reported better-than-expected Q3 earnings, with revenue growth of 1.2% and adjusted EPS of 30 cents, beating consensus estimates. The company updated its 2024 EPS outlook to $1.35-$1.60, higher than previous guidance. Analysts have adjusted their price targets for AAL, with JP Morgan raising it to $20, B of A Securities to $10, and TD Cowen to $10.

Portfolio Pulse from Avi Kapoor

October 25, 2024 | 7:20 pm

TD Cowen analyst Thomas Fitzgerald maintains a Hold rating on American Airlines Group (NASDAQ:AAL) and raises the price target from $9 to $10.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 7:10 pm

B of A Securities analyst Andrew Didora maintains an Underperform rating on American Airlines Group (NASDAQ:AAL) but raises the price target from $9 to $10.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 5:21 pm

JP Morgan analyst Jamie Baker has maintained an Overweight rating on American Airlines Group (NASDAQ:AAL) and raised the price target from $15 to $20.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 3:15 pm

US airlines face challenges due to reduced demand for flights to China, Boeing's strike affecting aircraft deliveries, and global carriers shifting focus. European airlines are reallocating resources, while US airlines maintain minimal routes to China. Boeing's structural issues and Southwest Airlines' external challenges are highlighted.

Portfolio Pulse from Akanksha Bakshi

October 25, 2024 | 1:35 pm

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