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 major winter storm in the Midwest is expected to impact various sectors, with potential benefits for retailers like Home Depot and Lowe's, and AutoZone due to increased sales of winter essentials. Douglas Dynamics may gain if the winter is harsh, as it manufactures snow plows and salt spreaders. Insurers could face high claims, affecting the SPDR S&P Insurance ETF. Airlines are experiencing delays and cancellations, with negative sentiment impacting stocks like United, Delta, and American Airlines.

Portfolio Pulse from Neil Dennis

January 12, 2024 | 7:54 pm

U.S. stocks showed mixed performance with the S&P 500 and Nasdaq stable, while the Dow Jones fell 0.4%. The PPI rose less than expected, and Bitcoin dropped over 6% after a spot ETF approval. Gold rose, surpassing $2,050/oz. UnitedHealth, Tesla, and Bank of America stocks fell post-earnings, while BNY Mellon and Net Lease Office Properties rose. Delta and other airlines declined due to revised earnings forecasts.

Portfolio Pulse from Piero Cingari

January 12, 2024 | 7:33 pm

American Airlines Group Inc (AAL) stock fell by 8.7% to $13.32, reacting negatively to Delta's Q4 results and 2024 guidance. Despite Delta's revenue growth and EPS beating estimates, the airline sector saw a downturn. Delta reported a 5.9% increase in operating revenue and an 11.1% increase in adjusted operating revenue, with passenger revenue up by 12% and cargo revenue down by 24% year-over-year.

Portfolio Pulse from Henry Khederian

January 12, 2024 | 6:56 pm

Wipro Limited (NYSE:WIT) shares surged over 16% after reporting Q3 results, guidance, and an interim dividend. Other stocks showed significant movement in Friday's mid-day session, with various gainers such as Charge Enterprises, Inc. (NASDAQ:CRGE) and losers like Genius Group Limited (NYSE:GNS). Notable movements included Flexsteel Industries, Inc. (NASDAQ:FLXS) rising after strong Q2 preliminary results and Delta Air Lines, Inc. (NYSE:DAL) falling post Q4 financial results and 2024 guidance.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 6:28 pm

Delta Air Lines, Inc. (NYSE:DAL) reported Q4 FY23 results with operating revenue growth of 5.9% Y/Y to $14.22 billion and adjusted EPS of $1.28, beating consensus. Despite this, DAL shares fell 7.9%. Other stocks also moved lower, including United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL), which dropped in sympathy with Delta. Various other stocks across different sectors also recorded losses on Friday.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 3:39 pm

Airline stocks are trading lower following Delta's Q4 results and 2024 guidance, which disappointed investors and negatively impacted the sector.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 2:17 pm

Jefferies analyst Sheila Kahyaoglu has upgraded American Airlines Group (AAL) from Hold to Buy and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 12:00 pm

Airline stocks are experiencing a surge in early 2024, with American Airlines, United Airlines, Delta Air Lines, and Southwest Airlines posting significant weekly gains. These gains are reflected in the U.S. Global Jets ETF, which includes these airlines as its biggest holdings. Despite the positive trend, airline stocks face potential headwinds such as economic slowdown, high interest rates, and geopolitical tensions affecting oil prices. Delta is favored by analysts with strong buy ratings, while American Airlines has announced expansion plans. Southwest Airlines is running a flash sale, and United Airlines is noted for its scale despite a high debt-to-asset ratio. An incident with an Air Alaska Group Boeing 737 Max 9 could lead to more affordable fleet replacements for airlines if Boeing reduces prices.

Portfolio Pulse from Neil Dennis

January 10, 2024 | 5:26 pm

16,000 passenger service workers at American Airlines, represented by CWA-IBT, ratified a five-year agreement with an average initial wage increase of 20%. This contract comes after a period where many workers did not receive pay raises for four years, despite American Airlines being one of the largest U.S. airlines.

Portfolio Pulse from Charles Gross

January 08, 2024 | 11:51 pm

US stocks saw a rebound with the Nasdaq 100 and small-cap stocks leading the gains, while the Dow Jones was weighed down by Boeing's struggles. Semiconductor stocks like NVIDIA and AMD posted significant gains. The 10-year Treasury Note yield fell, and energy commodity prices dropped. Bonds recovered, and the U.S. dollar depreciated. Bitcoin rose above $45,000, while gold prices fell. Sector ETFs like XLK and XLRE saw upticks, whereas XOP and OIH experienced declines. Notable stock movements included Boeing's drop after an FAA grounding order, NVIDIA's rise on AI chip production news, AMD's gain after a new processor reveal, American Airlines' upgrade by Morgan Stanley, Crocs' surge on raised sales forecast, and Abercrombie & Fitch's increase after raising its sales forecast.

Portfolio Pulse from Piero Cingari

January 08, 2024 | 6:15 pm

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