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

Recent options trading activity for American Airlines Gr (NASDAQ:AAL) shows a bearish sentiment among investors, with 54% of trades being bearish and 46% bullish. The trades range between $12.0 and $25.0 strike prices, indicating expectations of price movements within this range. The largest trades include both puts and calls, with varying sentiments. American Airlines, a major airline with the youngest fleet among U.S. legacy carriers, is currently experiencing a slight decrease in stock price, down by -1.9% to $13.96, and its earnings release is anticipated in 1 day.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:31 pm

The upcoming week's earnings reports from major companies like Tesla, Meta Platforms, Microsoft, and Alphabet are highly anticipated as they could influence the market's direction. FactSet's report indicates that S&P 500 companies' earnings surprises are at or above their 10-year averages, despite a slight decline in the combined earnings per share growth rate. The focus shifts to tech companies, with 158 S&P 500 companies, including 11 Dow 30 components, expected to release their earnings. Tesla is expected to report a downbeat quarter, while Microsoft, Alphabet, and Meta are anticipated to report strong results. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) have seen declines from their all-time highs.

Portfolio Pulse from Shanthi Rexaline

April 21, 2024 | 9:45 pm

Stocks and cryptocurrencies fell amid geopolitical and economic concerns, with a notable sell-off in chipmakers and a significant drop in Bitcoin. The S&P 500 and Nasdaq 100 saw declines, while the VanEck Semiconductors ETF and iShares 20+ Year Treasury Bond ETF experienced notable movements. Investors reacted to comments from Israeli Prime Minister Netanyahu and Fed Chair Jerome Powell, seeking safety in bonds. United Airlines and peers saw gains from strong financial results, while other companies faced declines post-earnings. GE Vernova surged on an analyst upgrade.

Portfolio Pulse from Piero Cingari

April 17, 2024 | 6:09 pm

Airline stocks, including United Airlines (UAL), American Airlines (AAL), Delta Air Lines (DAL), Southwest Airlines (LUV), JetBlue Airways (JBLU), and Spirit Airlines (SAVE), saw an uptick Wednesday following United Airlines' better-than-expected financial results for the first quarter. United Airlines reported a revenue of $12.539 billion, surpassing the consensus estimate of $12.4 billion, and an adjusted quarterly loss of 15 cents per share, beating analyst estimates for a loss of 57 cents per share. The company also reiterated its full-year 2024 earnings expectations and updated its aircraft delivery schedule.

Portfolio Pulse from Adam Eckert

April 17, 2024 | 12:53 pm

Airline stocks are trading higher following United's report of better-than-expected Q1 earnings, indicating a positive outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:10 am

Airline stocks are trading higher following United's report of better-than-expected Q1 earnings, indicating a positive outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:13 pm

A significant increase in options trading activity for American Airlines Gr (NASDAQ:AAL) was observed, indicating a predominantly bullish sentiment among big-money traders. The trades, consisting mainly of puts, suggest a targeted price range for AAL between $10.0 and $25.0. The largest trades include both bullish and bearish sentiments, with varying strike prices and expiration dates. American Airlines, known for its extensive fleet and major U.S. hubs, is currently trading at $13.01, with an analyst from UBS rating it a Buy with a target price of $19.0.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:46 pm

Shares of travel sector companies are down due to market weakness, rate cut uncertainty, Middle East tensions, and rising oil prices, potentially increasing fuel costs.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:57 pm

Recent options market activity for American Airlines Gr (NASDAQ:AAL) shows a bearish sentiment among investors, with 55% of trades being bearish. The trading volume and open interest suggest a focus on a price range between $11.0 and $17.0. The largest trades include both bullish and bearish positions, with significant activity in puts. American Airlines, the world's largest airline, has seen its stock price decrease by -3.49% to $13.14, with an RSI indicating a neutral position. An analyst from UBS has downgraded the stock to Buy with a target price of $19.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 2:33 pm

Delta Air Lines, Inc. (NYSE:DAL) stock has soared over 50% in under 6 months, currently trading around $48, up from $30 at the end of October 2023. The company reported better-than-expected Q1 earnings, with a 25% earnings surprise and a 9.39% revenue surprise. Technical analysis shows a strong bullish trend, but the RSI nears overbought territory, indicating caution. Analysts from Susquehanna, BofA Securities, and Morgan Stanley see a potential upside of 32.64%, with a collective average price target of $64. Delta is the top holding of the U.S. Global Jets ETF (NYSE:JETS), comprising 11.86% of its portfolio, which is up about 8% YTD.

Portfolio Pulse from Surbhi Jain

April 10, 2024 | 4:03 pm

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