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American Airlines Group Inc. (AAL)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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22.80+0.24 (+1.04%)
As of 11:22AM EDT. Market open.
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  • S
    Smitty
    Waiting on some good news catalyst. Until the volume increases, the shorting hedge funds will control downward pressure. I can feel the coiled spring about to be released.
  • S
    S
    (Bloomberg) -- American Airlines Group Inc. delayed deliveries of more than three dozen Boeing Co. aircraft for as long as three years and projected a deeper loss than analysts expected as the coronavirus pandemic continues to quash corporate and international travel.
    Eighteen 737 Max jets that were to be delivered this year and next will be postponed to 2023 and 2024, the carrier said in a regulatory filing Tuesday. American will also take fourteen 787-8 planes at the end of the next year’s first quarter, instead of this year. Another five of that wide-body aircraft will be converted to the 787-9 version, with shipment delayed until 2023.
    The first-quarter adjusted loss will be $4.29 to $4.41 a share, American said. Analysts had projected $4.05, according to the average of estimates compiled by Bloomberg. Revenue will decline 62% from the same quarter in 2019, before the pandemic decimated travel. The Fort Worth, Texas-based company previously said the drop could reach 65%.
    American’s revenue projection meshed with a similar outlook from United Airlines Holdings Inc. as increased vaccinations against Covid-19 fuel a rebound in domestic flying. International and business demand has stagnated at as much as 80% below 2019 levels, however.
    The optimism over domestic travel was dealt a blow Tuesday, as U.S. health officials called for an immediate pause in the use of Johnson & Johnson’s vaccine over concerns about blood clots.
    American dropped 2.7% to $22.30 at 9:36 a.m. in New York, with much of the decline spurred by the J&J news before the start of regular trading. Other carriers and cruise lines declined as well.

    (Updates with projected loss in first paragraph. A previous version of this story was corrected to indicate that aircraft delivery deferrals weren’t limited to the 737 Max)
    Neutral
  • V
    VictimOfFraud
    Low volume means huge drop tomorrow
    Neutral
  • D
    DC
    30.00 after earnings
  • g
    greg
    If everything is so rosy and planes are so full and the TSA numbers are rising, why then is AAL deferring deliveries? No money? No Business fares being sold?
  • D
    DC
    buy.buy.buy... another opportunity American is going to beat the estimate for the quarter they have done it two quarters in a row yes they lose money but they still beat the estimates good luck to all
  • T
    TimT
    This is that time of the week again...I TOLD YOU SO! I said last week that AAL' share price will see low $22s before the earnings.
  • s
    stksue
    UPDATE 2-American Airlines cash flow turns positive in March
  • M
    Michael
    Debt is up 30%, the number of shares is up 50% from 12 months ago. I think the stock price is high looking at their financials. check:(http://snd.qlitrk.com/r/hnjad)
    Bullish
  • V
    Vizzet
    We have so many vaccines and now even people have option to choose which company vaccines to take, JnJ is halted, so what? Pfizer and Moderna are the major contributor to the overall vaccine distribution anyway.
    Bullish
  • Y
    YourMaster
    Slow climb back up the Mountain. We close around $23.
    People always Over react.
    Bullish
  • M
    Max
    @19 on Friday
    Bearish
  • M
    Max
    AAL management team acts like they are very comfortable/ready for AAL to go down the hill. The reason is that they enjoy the corruption process so much! That’s the difference between LUV and AAL!
    Bearish
  • S
    Smitty
    TSA screened 1.5 million passengers yesterday vs. 104 thousand passengers a year ago. A fourteen fold increase in passengers at this stage of the pandemic should help convince you that the full recovery in the travel industry is on track. If you are thinking six months ahead, like the stock market is supposed to, you should be invested.
  • T
    TimT
    Back in February, I gave $24 price for AAL until Q1 earnings. I keep it as it is. Estimate the best daily and weekly price for the share and get in and out of position until then. It reached $26 and hardly anyone sold it. No one needs to tell you that you should roll the greenback. Stop making pickles out of it. Dollar index is down, find some undervalued commodity stocks. FCX was one of them when I mentioned it here a few weeks. Under $30 was a nice entry point and stock exceeded 20% return since.
  • S
    Smitty
    Just a reminder that all AAL planes are to be returned to service by the end of April. A travel boom is in the near future. Don’t be on the sidelines watching the share price recovery.
  • T
    TimT
    As I have said last week in my comment, I don’t mind buying $AAL calls unlike the other individual on this board, who has been “lifetime” long on airlines and also encourages people to go long while he is not willing to add more shares of AAL to his portfolio.

    Just like I reduced my AAL position by half recently because I thought it was the smart thing to do then, I can add more if I think I may be able to manage to come on top in the deal even though I thought of the stock price that it was not desirable enough. It says one thing and one thing only: I have enough conviction in the stock than that individual. Thus, I put my money where my mouth is.

    However, in reality, I really wanted to wait for the stock price to drop to low $22s before I could add any new shares to reestablish my core position earlier (btw, I saw the share price was in the low $23s but I didn’t realize AAL’s share price dropped to $22.63 today until now. Was it a block sale?).

    Anyhow, I did it because I bought back some of my bi-weekly CCs expire tomorrow for a couple of pennies and I wanted to place a new bull call spread in case there is temporarily a gradual price rise in the coming trading days, rather than letting my AAL shares sit on a shelf unprofitably.

    Again, purely guessing, I think AAL’ share price will get to low $22s probably before the earnings. For that reason, I got two call orders be executed first and I sold one of them at a 15% gain when the stock price moved higher before the close. If the stock price climbs up on Friday even it’s for a percent or so, it will give me the opportunity to write CCs, which is similar in quantity as the call I bought and kept today.
  • M
    Mo
    Will close green today, people don’t realize most of the vaccines in circulation is PFE and Moderna. JnJ has a very small market at this time. Should spike back up.
    Bullish
  • M
    Max
    I hate this kind of fake morning pop then fading and dropping! That’s why I want to escape from AAL! It’s a good stock for shorts but bad for longs! I’ll buy more LUV!
    Bearish