AAL - American Airlines Group Inc.
28.65 -1.30 (-4.34%)
Pre-Market: 9:04AM EDT
| Previous Close | 29.94 |
| Open | 30.20 |
| Bid | 28.61 x 3200 |
| Ask | 29.20 x 3000 |
| Day's Range | 29.87 - 30.33 |
| 52 Week Range | 24.23 - 43.89 |
| Volume | 7,131,918 |
| Avg. Volume | 6,641,160 |
| Market Cap | 13.336B |
| Beta (3Y Monthly) | 1.97 |
| PE Ratio (TTM) | 8.85 |
| EPS (TTM) | 3.38 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 0.40 (1.34%) |
| Ex-Dividend Date | 2019-08-06 |
| 1y Target Est | 38.29 |
- MarketWatch
Airline stocks hit hard as crude oil prices spike after Saudi processing plant attacked
Shares of airline companies took hard hits on Monday, as a spike in oil prices sparked concerns about rising fuel costs. The stocks of all six air carrier components of the Dow Jones Transportation Average declined in premarket trading: American Airlines Group Inc. slid 4.7%, Delta Air Lines Inc. dropped 3.5%, United Airlines Holdings Inc. shed 3.6%, JetBlue Airways Corp. gave up 3.1%, Southwest Airlines Co. declined 3.1% and Alaska Air Group Inc. lost 2.3%. Crude oil futures shot up 10% after the weekend attack on Saudi Aramco's Abqaiq oil processing plant. The NYSE Arca Airline Index has lost 1.7% over the past three months, while the Dow transports has gained 4.9% and the Dow Jones Industrial Average has tacked on 4.3%.
- Investor's Business Daily
Dow Jones Today: Will Spiking Oil Prices Extend Or Extinguish Dow Rally? American Airlines, General Motors Stock Dive
Exxon Mobil propped up the Dow Jones today, but stock futures drilled lower as oil prices spiked and a workers' strike affected General Motors stock.
- Zacks
U.S. Air Fares Rise for 2 Months in a Row: What Lies Ahead?
The trimming of capacity in the wake of the prolonged grounding of Boeing 737 MAX jets puts an upward pressure on fares.
- Market Realist
Saudi Oil Attack Could Impact Airline Stocks
A sudden increase in the fuel cost due to the Saudi oil attack could have a massive impact on airlines’ profitability in upcoming quarters.
- Investopedia
Saudi Drone Attack Rattles Oil Market
Half of the state-owned Saudi Aramco's supply, about 5% of the global oil supply, was wiped out in Saturday's attack.
- Bloomberg
Billionaire Kroenke Gets Record Naming Rights Fee From SoFi
(Bloomberg) -- Social Finance Inc., a financial technology startup, will pay more than $30 million annually over 20 years to put its name on a new stadium that will be the home of the Los Angeles Rams and the Chargers, a person familiar with the deal said.The amount is a record for any naming rights for a sports venue, the person said, declining to be identified because the information is not public.The National Football League stadium in Inglewood, California, which is developed by billionaire Stan Kroenke, will open next summer, according to a joint statement from SoFi, the venue and teams, which declined to disclose the financial terms of the agreement.The $5 billion stadium will host the Super Bowl in 2022, as well as the opening and closing ceremonies of the 2028 Olympic Games. SoFi will also be an official partner of the Rams and Chargers, it said.“This is a giant leap toward achieving our company’s mission of helping people get their money right by reaching our members where they are,” SoFi’s Chief Executive Officer Anthony Noto, a former NFL executive,said in the statement.SoFi has a large marketing budget, which has surpassed $200 million annually for the last few years, as the firm launches new products and seeks to acquire new customers.Last year, SoFi counted more than 500,000 members and made a larger push into mortgage lending as well as its checking and savings product, SoFi Money. Having its name on the stadium of some of the most high-profile teams in the NFL could help boost recognition outside of the financial world.SoFi Stadium, which has more than 3 million square feet of space, can seat 70,000 -- and that could be expanded to 100,000, according to the statement.Last month, American Airlines became the first official partner of the new stadium with an agreement to pay $90 million over 10 years. The airline will sponsor the 2.5-acre space that serves as main entrance to the stadium, a person with knowledge of the matter said at the time.As part of the deal, Fort Worth, Texas-based American Airlines Group Inc. will become the official airline of the Rams and Chargers, and have prominent branding during games. American has been the Rams’ carrier since the team returned to Los Angeles from St. Louis in 2016.To contact the reporter on this story: Scott Soshnick in New York at ssoshnick@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Linus Chua, Ian FisherFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals
Grow Seattle: How the head of TSA in Washington battles talent shortage
Massive growth at Sea-tac Airport has not come without challenges for the Transportation Security Administration and its passenger screening as more than 70,000 people go through Sea-Tac security lines in a single day.
- Barrons.com
2 Airline Stocks That Are Poised to Rise, According to an Analyst
Airline stocks have been all over the map this year, but Macquarie thinks that there’s more runway ahead for both one of the best performers in the group and one of the worst. Stock in (AAL) (AAL), another so-called legacy carrier, is firmly in the red. The shares have been hurt by lackluster earnings, debt worries, and the rescheduling headaches that have come from its reliance on the grounded Boeing planes.
- Reuters
American Airlines mechanic stripped of FAA certificate ordered held in sabotage case
An American Airlines mechanic charged with purposely damaging an aircraft in July during a dispute between the airline and its mechanics union involving stalled contract negotiations will remain behind bars until at least Sept. 20, according to a court filing on Thursday. The Federal Aviation Administration also disclosed Thursday that it had issued an emergency order earlier this week revoking Abdul-Majeed Marouf Ahmed Alani's mechanic certificate with immediate effect. Pilots of a flight from Miami to Nassau, Bahamas, on July 17 aborted takeoff plans after receiving an error message involving the flight computer, which reports speed, pitch and other data, according to a criminal complaint filed in U.S. District Court in Miami.
- InvestorPlace
When Does Patience Run Out for Boeing Stock?
Investors have given Boeing (NYSE:BA) stock a long leash. Boeing stock has traded mostly sideways since March, despite the fact that news over that stretch hasn't seemed particularly positive.Source: Alex JW Robinson / Shutterstock.com Of course, Boeing stock fell sharply after the second 737 MAX crash in March. Since then, the company hasn't given investors much to be excited about.Boeing Co took a $5 billion charge with Q2 earnings. Management targets for the return of the 737 MAX to service seem hugely optimistic, and the 777X faces potential delays as well. The defense side of the business has come under criticism for performance under a key Air Force contract.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd yet investors have shrugged off those worries. A brief dip in August reversed quickly. Wall Street remains reasonably supportive, with an average price target of $411 suggesting 12% upside.The willingness of investors and analysts to support Boeing Co stock does make some sense. As I wrote last month, Boeing Co probably gets back to earnings growth at some point. But it seemed then like investor patience with BA stock was starting to give way, and if Boeing keeps missing its targets, it may do so again. MAX Delays Hit Deliveries for Boeing CoAs noted, the grounding of the MAX fleet hit Q2 earnings -- and will continue to hit profits going forward. Boeing announced on Tuesday that it had delivered just 18 aircraft in August, less than 30% of what it did the year before. * 10 Battered Tech Stocks to Buy Now To be sure, that figure isn't necessarily surprising, though year-to-date deliveries are lagging analyst expectations. But deliveries aren't the only issue. As detailed on the Q2 conference call, Boeing is still producing 42 737s a month, even with the MAX fleet grounded. And CEO Dennis Muilenberg said on that call that if the MAX didn't return to service by the end of the year, production potentially could be suspended.Increasingly, that looks like it will be the case. Southwest Airlines (NYSE:LUV) has canceled MAX flights into 2020. American Airlines Group (NYSE:AAL) has pulled the MAX from its schedule through December. E.U. regulators are insisting on their own test flight.Meanwhile, Boeing still hasn't updated its prediction from the Q2 call for a return to service early in the fourth quarter. That doesn't inspire confidence. If the MAX slips into 2020, it will cost the company billions in dollars in airline reimbursements, storage fees and incremental production costs. It may also cost Boeing Co the confidence of investors. The 777X, the KC-46 and BA StockWhat is frustrating about BA stock at the moment is that the 737 MAX isn't the only issue. The 777X is facing delays as well. Issues with engines produced by General Electric (NYSE:GE) admittedly are the key problem. But Boeing had a failure with a so-called "load test" this week, which could further push its release into 2020.On the defense side, the company's KC-46 aerial refueling tanker continues to struggle. Debris continues to be left on planes, leading to increased inspections and delayed deliveries. Acting Secretary of the Air Force Matthew Donovan said this summer that Boeing Co management had referred to the issues as "embarrassing". * 7 Upcoming IPOs for September The problems, which truly come down to execution, color Boeing's ability to get future U.S. military contracts. With intense competition from the likes of Lockheed Martin (NYSE:LMT), the KC-46 only seems to add to the worries here. The Case for, and Against, Boeing StockBut, again, investors have largely shrugged off all of those concerns over the last six months. And there's one reason why: as an analyst put it earlier this year, Boeing is almost too big to fail.After all, worldwide demand for air travel is only going to rise going forward amid the rise of the middle class in developing nations. Backlogs at both Boeing and rival Airbus (OTCMKTS:EADSY) extend into the 2030s. And there simply is no competition, even though China is trying to break that duopoly.But even in the context of a roughly $200 billion market cap, a few billion dollars in penalties, fines and costs matter. So does pushing revenue -- and profits -- out a few quarters or a few years. Even if Boeing can avoid the worst-case scenario -- a permanent grounding of the MAX -- the costs are piling up. At some point, that's going to matter.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post When Does Patience Run Out for Boeing Stock? appeared first on InvestorPlace.
- Investor's Business Daily
Is AAL Stock A Buy Right Now? Here's What Earnings, Charts Show
AAL stock has taken a hit on trade tensions with China and trouble with the Boeing 737 Max. But is American Airlines stock a good buy?
- American City Business Journals
American Airlines will not renew naming rights for Miami Heat arena
American Airlines Arena will soon operate under a new name. American Airlines Group (Nasdaq: AAL) said Wednesday it will not renew its naming rights for the home of the Miami Heat. The arena is owned by Miami-Dade County.
- Market Realist
Delta: Lowest Cancellation Rate of Top Four US Airlines
In August, Delta Air Lines had the lowest flight cancellation rate and the best on-time performance versus its top peers—Southwest, United, and American.
- Market Realist
737 MAX Crisis Hurts Boeing Aircraft Deliveries
Due to the 737 MAX's grounding, Boeing (BA) has seen a massive decline in aircraft deliveries. BA shipped 18 commercial aircraft in August, down 72% YoY.
- American City Business Journals
American's Envoy Air reaches agreement with dispatchers
Envoy Air is a regional carrier, which is part of the American Airlines Group Inc. (Nasdaq: AAL) family and operates under the American Eagle brand.
- American City Business Journals
Why DFW Airport is spending millions on smart bathrooms
The airport board recently approved a $3.2 million award to implement smart bathroom technology in DFW's 135 restrooms.
- American City Business Journals
From Austin to San Diego to Cancun: Seasonal changes shake up routes at RDU
With colder months approaching, there’s a route shakeup coming to Raleigh-Durham International Airport as airlines execute seasonal adjustments to their schedules – impacting services to places such as Austin, San Diego and Cancun.
- Zacks
Regulators Clash Over 737 Max Return: Airline Stocks in Focus
EASA's latest announcement reflects its lack of confidence in FAA. This might lead to further delay in return of Boeing 737 Max, thereby hurting airline stocks.
- Yahoo Finance
Low-cost international flights are doomed: analyst
The ultra-cheap trans-Atlantic flights between Europe and the U.S. won't last forever, says one analyst.
- American City Business Journals
Here are Tampa International Airport's top air carriers for this year through July
The millions of travelers who passed through Tampa International Airport in the first seven months of this year favored the same handful of airlines.
- American City Business Journals
RANKED: Which 10 routes generate the most revenue at CLT
Airline analytics firm OAG, at the behest of the Charlotte Business Journal, provided a list of the 10 nonstop routes at CLT that produced the most revenue between June 2018 and May 2019.
- American City Business Journals
WSU researcher: A MAX return could add price-cutting dynamic to holiday travel
If the Boeing Co. were able to get its 737 MAX back into service for part of the upcoming holiday travel season, at least in the U.S., a Wichita airline researcher says consumers could cash in on some potential savings on ticket prices. Dean Headley, emeritus professor of marketing at Wichita State University and co-author of the annual Airline Quality Rating report, says the airline system as of now has largely factored the grounded MAX out of the equation. In the U.S., the plane would have to be cleared by the Federal Aviation Administration. But it was reported last week that European regulators planned to run their own review on the MAX, rather than work in lock-step with the FAA, as has been the historical norm.
- Market Realist
American Airlines Stock Rose 5.6% Last Week
American Airlines (AAL) stock rose 5.6% last week. There was continued momentum in American Airlines shares.
- American City Business Journals
American mechanic accused of sabotage was previously fired from another airline
Abdul-Majeed Marouf Ahmed Alani, the American Airlines mechanic recently accused of sabotaging a flight, was previously fired from Alaska Airlines, court records show.
- Motley Fool
Why Shares of American Airlines Were Grounded in August
Slowdown fears and company-specific headwinds are causing turbulence.
