|Bid||29.05 x 3100|
|Ask||29.19 x 1400|
|Day's Range||28.98 - 29.94|
|52 Week Range||28.81 - 45.15|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||9.36|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.40 (1.26%)|
|1y Target Est||42.22|
American Airlines (AAL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Boeing 737 Max could be grounded even longer as the FAA reportedly expands its safety review to include older 737 models.
CHICAGO/SEATTLE (Reuters) - United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, through Aug. 3, as the jetliner remains grounded following two fatal crashes. United, which operates 14 737 MAX jets, said the decision would lead to about 40 or 45 daily cancelled flights. The Chicago-based carrier joins rivals Southwest Airlines Co and American Airlines Group Inc which had already suspended 737 MAX flights into August as global carriers await regulatory approval for the aircraft to fly again.
If the Big Four airlines believe that they could win approval to acquire smaller airlines, there may be huge bidding wars for both Alaska Air and JetBlue, one analyst said.
The world's largest carrier has gone to court to compel an end to an alleged work slowdown by mechanics, whom the airline is honoring nonetheless.
Shares of the world's biggest planemaker have fallen nearly 15% since the fatal crash of an Ethiopian Airlines 737 MAX jet in March, erasing about $40 billion (£31.5 billion) in market value. The benchmark index is up about 3% during the same period, while the Dow has risen by a marginal 0.2%. If the aircraft is cleared to fly by June, its operators, including Southwest Airlines Co, American Airlines Group Inc and United Continental Holdings Inc, would likely not have to extend costly cancellations that they have already put in place for the peak summer flying season.
U.S. stock futures are trading higher this morning in a rebound attempt to pare yesterday's large losses.Heading into the open, futures on the Dow Jones Industrial Average are up 0.47%, and S&P 500 futures are higher by 0.48%. Nasdaq-100 futures have added 0.38%.In the options pits, yesterday's plunge sent put activity soaring while overall volume amped to above-average levels. Specifically, about 19.6 million calls and 22.5 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOver at the CBOE, the fear fest led the single-session equity put/call volume ratio to its second-highest close of the year at 0.80. At the same time, the 10-day moving average climbed to a new high for 2019 at 0.73.Options traders zeroed in on oil-related stocks Thursday. National Oilwell Varco (NYSE:NOV) and Halliburton (NYSE:HAL) both plunged to new 52-week lows amid heavy volume. American Airlines (NYSE:AAL) also saw unusual options activity as it tests a critical support zone.Let's take a closer look: National Oilwell Varco (NOV)Yesterday's crude oil crash sent oil stocks sliding. National Oilwell Varco dropped 4.41% on the highest single-session volume in two years. 13.2 million shares changed hands while the stock fell to its lowest levels since 2008. * 10 Names That Are Screaming Stocks to Buy The downside acceleration worsens what was already a strong bearish trend. NOV stock now sits well below the falling 200-day, 50-day and 20-day moving averages. We don't have any major support until $16, which is $6 or 27% away. You bottom fish at your peril here.On the options trading front, puts only slightly outpaced calls on the day. Total activity swelled to eye-popping levels at 6,110% of the average daily volume, with 121,952 contracts traded. Puts accounted for 51% of the sum.Implied volatility rocketed higher on the day to 42%, placing it at the 73rd percentile of its one-year range. Premium sellers will be happy to note this is the highest level of 2019. The expected daily move is now 59 cents or 2.7%. Halliburton (HAL)NOV wasn't the only oil stock traders swarmed. Halliburton also saw a groundswell in activity on a day that sent the oil services giant to a new nine-year low. The 5% thrashing saw 24 million shares change handsHAL stock's price chart largely mirrors that of NOV. Every major moving average is falling, leaving ample overhead resistance to reject future rally attempts. Distribution days also litter the landscape showing strong institutional selling pressure. Until a definitive bottoming pattern emerges, bulls should stay away.On the options trading front, calls proved more popular than puts by a hair. Activity climbed to 630% of the average daily volume, with 169,729 total contracts traded. Calls claimed 51% of the tally.Implied volatility jumped to 44% or the 61st percentile of its one-year range. Premiums are now baking in daily moves of 65 cents or 2.8%. American Airlines (AAL)The selling intensity reached a fever pitch yesterday for American Airlines. Two-days of distribution reveal institutions are slamming the sell button. The downside pressure has driven AAL stock to test critical support at the $29 zone. If the floor fails, watch out below!Like its predecessors, AAL's price trend is cruising lower beneath falling moving averages across time frames. Rallies remain suspect, and the path of least resistance is undoubtedly lower. That said, the stock is oversold and testing major support, so a short-term rebound isn't out of the question.The session saw unusual options activity with calls leading the way. Total activity jumped to almost four times or 372% of the average daily volume. In total, 117,445 contracts traded with 57% of the tally coming from calls.Implied volatility ticked higher to 39% or the 26th percentile of its one-year range. Premiums are pricing in daily moves of 72 cents or 2.4%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post Friday's Vital Data: National Oilwell Varco, Halliburton and American Airlines appeared first on InvestorPlace.
MONTREAL/FORT WORTH, Texas (Reuters) - The Federal Aviation Administration (FAA) expects to approve Boeing Co's 737 MAX jet to return to service as soon as late June, representatives of the U.S. air regulator informed members of the United Nations' aviation agency in a private briefing on Thursday, sources told Reuters. The target, if achieved, means U.S. airlines would likely not have to greatly extend costly cancellations of 737 MAX jets they have already put in place for the peak summer flying season, but the FAA representatives warned that there was no firm timetable to get the planes back in the air. American Airlines Group Inc, Southwest Airlines Co and United Airlines suspended 737 MAX flights into July and August after the FAA grounded Boeing's best-selling jet in March following two crashes in the space of five months that together killed 346 people.
Chile's Supreme Court on Thursday struck down a proposed deal on routes between carriers LATAM Airlines, American Airlines, British Airways and Iberia, upending an agreement meant to reshape international air travel in Latin America. The decision comes more than two years after the carriers announced their plans, termed a joint business agreement.
Once regulators approve Boeing Co (NYSE: BA )'s grounded 737 MAX jets for flight, each aircraft will require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines ...
Chile's Supreme Court on Thursday struck down a joint business agreement between LATAM Airlines, the region's largest carrier, and American Airlines, British Airways and Iberia Airlines, upending an earlier ...
Once regulators approve Boeing Co's grounded 737 MAX jets for flight, each aircraft will likely require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines that operate the MAX told Reuters. The estimate, provided to Reuters by American Airlines Group Inc, United Airlines and Southwest Airlines Co officials, is the first indication of the time needed to bring the jets out of storage following a worldwide grounding in March spurred by deadly crashes in Indonesia and Ethiopia. The preparations were discussed at a meeting between Boeing and MAX customers in Miami earlier this week, and include a list of items ranging from fluid changes and engine checks to uploading new 737 MAX software.
The Zacks Analyst Blog Highlights: SkyWest, United Continental, Southwest Airlines, American Airlines and Alaska Air
Southwest's (LUV) labor deal with the mechanics is valid for a period of five years and includes a pay hike of 20% as well as bonuses worth $160 million.
The head of the US Federal Aviation Administration raised the possibility that it could take months longer to certify the grounded Boeing 737 Max as safe to fly, as fractious global regulators gathered ...
FORT WORTH, Texas/MONTREAL (Reuters) - The acting head of the Federal Aviation Administration said on Wednesday he does not have a specific timetable to approve Boeing Co's 737 MAX for flight after two fatal crashes since October prompted the plane to be grounded worldwide. The FAA is meeting with more than 30 international air regulators including China, the European Union, Brazil and Canada on Thursday to discuss a software fix and new pilot training that Boeing has been developing to ensure the jets are safe to fly. "It's a constant give and take until it is exactly right," Deputy FAA Administrator Dan Elwell told reporters of the discussions with Boeing.
United Airlines Chief Executive Oscar Munoz promised on Wednesday to accommodate any passengers concerned about flying Boeing Co's 737 MAX jets once regulators deem the aircraft safe to fly again. United is the only one of the three U.S. MAX operators to make such an announcement so far. Southwest Airlines Co, the world's largest MAX operator, said on Wednesday discussions were still ongoing.
American Airlines CEO Doug Parker said the company is committed to Boeing's 737 Max jet once it's recertified by the FAA. If the carrier's pilots don't agree with the fix, "the aircraft won't fly," Parker says in an interview Wednesday with "NBC Nightly News" anchor Lester Holt. American Airlines AAL CEO Doug Parker says he is fully committed to Boeing's BA 737 Max jet once it's recertified by the Federal Aviation Administration and that an "absolute fix" does exist for the jet's anti-stall system, implicated in two deadly crashes.
Popular booking sites like Booking.com are reportedly moving to charge commissions on top of resort fees, making overall stays more expensive for the average consumer. Yahoo Finance's Zack Guzman & Sibile Marcellus, along with Digiday Platform Reporter Kerry Flynn discuss with The Points Guy Brian Kelly.