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

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' discussed several stocks, favoring Delta Air Lines (DAL) over American Airlines (AAL), expressing the need to see improved cashflow from Warner Bros. Discovery (WBD) before investing, and suggesting investors wait for a pullback on Cloudflare (NET) due to its significant year-to-date surge. He also mentioned ZipRecruiter (ZIP) as lacking a catalyst. Stock movements included gains for ZIP, NET, and WBD, while AAL rose slightly and DAL fell marginally.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 1:39 pm

The CWA-IBT Association has successfully reached an agreement with American Airlines regarding a new contract for 14,000 passenger service employees. This agreement comes after a long period of negotiations and is expected to improve the working conditions and benefits for these employees.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:41 pm

Airline stocks have entered a bull market phase, with the U.S. Global Jets ETF (JETS) surging over 20% since early November. Despite a mid-July dip due to rising oil prices and economic slowdown fears, the sector shows a 40% discount from pre-pandemic levels, indicating room for growth. Hawaiian Holdings (HA) led the rally with a 220% increase after Alaska Air Group's (ALK) takeover. Other contributors include Southwest Airlines (LUV), Delta Air Lines (DAL), American Airlines (AAL), Sun Country Airlines (SNCY), Frontier Group Holdings (ULCC), and Embraer (ERJ). The International Air Travel Association (IATA) forecasts a positive outlook for 2024, with strong demand and revenue growth, although profitability challenges persist.

Portfolio Pulse from Piero Cingari

December 06, 2023 | 7:54 pm

Southwest Airlines Company (NYSE:LUV) is experiencing a stock rise as it nears a new contract agreement with its pilots' union, potentially increasing salaries for over 11,000 pilots before the holiday season. This news has also positively impacted the shares of Delta Air Lines (NYSE:DAL), United Airlines Holdings (NASDAQ:UAL), and American Airlines Group (NASDAQ:AAL), which have already secured labor agreements with their pilots this year. A successful agreement for Southwest could prevent a potential strike and follows a recent pay raise agreement with its flight attendants' union.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 6:41 pm

Ryanair Holdings Plc (NASDAQ:RYAAY) found unauthorized parts in two aircraft engines, similar to issues faced by other airlines. The parts, suspected to be supplied by AOG Technics Ltd. with counterfeit certification, were discovered during maintenance in Texas and Brazil. Airlines such as Delta Air Lines, Inc. (NYSE:DAL), American Airlines Group, Inc. (NASDAQ:AAL), and Southwest Airlines Company (NYSE:LUV) have also found dubious parts. Ryanair, which uses Boeing (NYSE:BA) aircraft, has not been significantly impacted by the scandal, according to CEO Michael O'Leary.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 4:37 pm

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' expressed his views on several stocks. He believes Q2 Holdings, Inc. (QTWO) has risen too much, while still recommending Iron Mountain Incorporated (IRM) for its yield. Cramer is excited about CAVA Group, Inc. (CAVA) and calls Uranium Energy Corp. (UEC) a 'winner.' He prefers Delta Air Lines, Inc. (DAL) over American Airlines (AAL), is not a buyer of NIO Inc. (NIO), and suggests holding off on NextEra Energy Partners, LP (NEP). The article also reports on the price action of these stocks on Thursday.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 1:22 pm

American Airlines Group Inc (NASDAQ:AAL) has signed an agreement with carbon removal startup Graphyte to purchase 10,000 tons of permanent carbon removal, set to be delivered in early 2025. Graphyte's Carbon Casting process is an efficient and low-cost method for permanent CO2 removal. American Airlines aims to support the growth of the CO2 removal market and meet its emissions reduction goals with this purchase. AAL's stock saw a slight decrease of 0.62% to $12.10 on Tuesday.

Portfolio Pulse from Shivani Kumaresan

November 28, 2023 | 4:30 pm

Graphyte, a company specializing in carbon removal, has signed its first purchase agreement with American Airlines for the removal of 10,000 tons of carbon dioxide. This deal marks a significant step for Graphyte in the carbon offset market and demonstrates American Airlines' commitment to reducing its carbon footprint.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:11 pm

American Airlines Group Inc. (AAL) subsidiary, American Airlines, Inc., plans to issue $750 million in senior secured notes due 2029 and borrow an equal amount under a new term loan. The proceeds, along with cash on hand, will be used to redeem $1.5 billion of its 11.75% Senior Secured Notes due 2025. The new notes and term loan will be secured by certain assets and guaranteed by the parent company. The offerings are subject to market conditions and are not interdependent.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:32 pm

The Biden Administration and airlines are predicting record air travel in the U.S. during the Thanksgiving holiday. This forecast suggests a strong rebound in travel demand, which could benefit airlines and related sectors.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:20 pm

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