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

U.S. stock futures are trading higher this morning. Key stocks to watch include Honeywell International, AstraZeneca, Northrop Grumman, Sanofi, and American Airlines, all of which have significant earnings reports and updates.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 7:07 am

American Airlines and Southwest Airlines are set to report their Q2 earnings on Thursday, with a focus on the impact of the recent Microsoft outage. The outage, caused by an update from CrowdStrike, disrupted airline operations significantly. Analysts have mixed expectations for both airlines, with American Airlines expected to report lower earnings compared to last year, while Southwest is anticipated to show slight revenue growth. The airline sector has faced challenges, but domestic air travel has been strong. Recent analyst ratings and stock performance indicate struggles for both airlines.

Portfolio Pulse from Chris Katje

July 24, 2024 | 8:25 pm

GE Aerospace announced significant orders from EVA Air and American Airlines for its GEnx and CF34-8E engines, respectively. Despite these orders, GE's shares are trading lower following a Q2 revenue miss. The company plans to hire over 900 engineers in 2024 to support innovation. Investors can gain exposure through IShares U.S. Aerospace & Defense ETF (ITA) and TCW Transform Systems ETF (NETZ).

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 10:25 am

Bernstein analyst David Vernon has downgraded American Airlines Group (NASDAQ:AAL) from Outperform to Market Perform and lowered the price target from $18 to $12.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 2:48 pm

Financial giants have made a bearish move on American Airlines Group (NASDAQ:AAL) with 80% of recent options trades being puts. The stock is currently trading at $10.55, down by 1.31%, and analysts have mixed ratings with price targets ranging from $10 to $13. The next earnings report is due in 2 days.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:20 pm

GE Aerospace has announced that American Airlines has finalized an order for 180 CF34-8E engines to power 90 new Embraer 175 regional jets.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:56 pm

Southwest Airlines (NYSE:LUV) avoided the recent Microsoft (NASDAQ:MSFT) and CrowdStrike (NASDAQ:CRWD) outages that grounded competitors like Delta (NYSE:DAL), United (NASDAQ:UAL), and American Airlines (NASDAQ:AAL) due to its outdated software systems. This resilience could positively impact Southwest's upcoming earnings report.

Portfolio Pulse from Chris Katje

July 22, 2024 | 6:08 pm

Delta Air Lines (NYSE:DAL) shares are trading lower after canceling over 600 flights on Monday due to a global cyber outage. The airline continues to face significant disruptions, with 16% of its flights canceled by 7:00 a.m. EST. Secretary of Transportation Pete Buttigieg criticized Delta for inadequate customer service and demanded proper assistance and refunds for affected passengers. Comparatively, American Airlines (NASDAQ:AAL) and United Airlines (NASDAQ:UAL) have mostly recovered, canceling only 1% and fewer than 1% of their flights, respectively.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 3:10 pm

Bernstein analyst David Vernon has downgraded American Airlines Group (NASDAQ:AAL) from Outperform to Market Perform and lowered the price target from $18 to $12.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:04 pm

A flawed software update for Microsoft Windows by CrowdStrike has caused a global tech outage, leading to significant disruptions in U.S. air travel. Over 2,500 flights have been canceled for three consecutive days, with Delta Air Lines being heavily affected. The outage has impacted various sectors and resulted in a decline in CrowdStrike's stock price.

Portfolio Pulse from Ananya Gairola

July 22, 2024 | 1:34 am

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