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

Warren Buffett's Berkshire Hathaway reached a $1 trillion market cap milestone, marking it as the first non-tech U.S. company to do so. The article highlights Buffett's investment journey, including significant investments in Coca-Cola, Geico, and Apple, and his decision to sell airline stocks during the pandemic.

Portfolio Pulse from Chris Katje

August 30, 2024 | 1:38 pm

The U.S. Department of Transportation reports that U.S. airlines have canceled 1.6% of flights this year, which is below pre-pandemic levels, as summer travel reaches a new record.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:49 pm

The Canada Border Services Agency reported a partial systems outage affecting airports, which may impact airlines operating in Canada. The agency is working to resolve the issue.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 5:57 pm

Elliott Management has increased its stakes in Match Group, Etsy, and Southwest Airlines, while also holding puts on U.S. Global Jets ETF and American Airlines. The activist fund is pushing for changes in these companies to improve performance.

Portfolio Pulse from Chris Katje

August 15, 2024 | 5:24 pm

American Airlines Group (NYSE:AAL) has seen a 26.56% increase in short interest, with 110.41 million shares sold short, representing 19.11% of its float. This is significantly higher than its peers' average short interest of 10.86%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 1:15 pm

An American Airlines (NASDAQ:AAL) flight from Seattle to Dallas was forced to make an emergency landing in Salt Lake City due to a passenger's erratic behavior after consuming marijuana edibles. The passenger, Eric Nicholas Gapco, was restrained and taken into custody. He faces charges of interference with a flight crew and attempted damage to an aircraft.

Portfolio Pulse from Franca Quarneti

August 02, 2024 | 2:01 am

The Biden administration has proposed a new rule to ban airlines from charging fees for seating families together. This rule, proposed by the U.S. Department of Transportation, aims to make flying with young children more affordable by eliminating extra seating fees. The rule would impact several airlines, with some already complying voluntarily and others still charging these fees.

Portfolio Pulse from Michael Juliano

August 01, 2024 | 7:01 pm

Deep-pocketed investors have adopted a bearish approach towards American Airlines Gr (NASDAQ:AAL), as revealed by Benzinga's options scanner. The significant move in AAL's options market, with 55% of investors leaning bearish, suggests potential volatility. The trading activity indicates a price target range of $8.0 to $25.0. The stock is currently trading at $10.63, down by -1.21%.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:46 pm

PayPal, JetBlue, Lumen Technologies, Commvault Systems, Harmonic, Sprouts Farmers Market, NeoGenomics, Tilray Brands, Howmet Aerospace, Repligen, Varonis Systems, Hayward Holdings, F5, Heidrick & Struggles, Pharming Group, CNO Financial, Latham Group, Stanley Black & Decker, Eagle Materials, NovoCure, Spirit Airlines, Zebra Technologies, Gartner, Phillips 66, Pegasystems, and American Airlines all saw significant stock price increases on Tuesday following better-than-expected financial results.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 2:46 pm

American Airlines has renewed its subscription to Sabre's PRISM, a corporate travel contract management solution. This renewal highlights the continued partnership between American Airlines and Sabre, which provides robust data analytics and services to optimize corporate travel contracts.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:36 pm

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