AAL - American Airlines Group Inc.

American Airlines (AAL) Stock Gains on Bullish Q2 Outlook

American Airlines' (AAL) management expects the average fuel cost per gallon for Q2 in the range of $2.55-$2.65.

American Airlines to appeal JetBlue alliance court ruling

(Reuters) -American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday. U.S. District Judge Leo Sorokin in Boston ruled on May 19 that the airlines' "Northeast Alliance" broke antitrust law and ordered the companies to dissolve the arrangement within 30 days. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference.

American Airlines Raises Guidance On Strong Demand, Low Fuel Costs. Can Carrier Stocks Take Off?

American Airlines rose early Wednesday after raising its Q2 outlook. Delta Air and United Airlines caught the updraft.

American Airlines raises profit outlook amid strong demand, cheaper fuel

American Airlines expects a better profit than originally anticipated for the quarter given strong travel demand, and lower jet fuel costs. Oil prices have seen a steady decline amid recession concerns and speculation that OPEC+ may hold off on another production cut.

American Airlines says it will appeal a ruling that would break up a partnership with JetBlue

American Airlines said Wednesday it will appeal a court decision that would force the airline to break up its partnership with JetBlue Airways in the Northeast. American and JetBlue face a late-June deadline to end the agreement in which they coordinate flights and share revenue. The Justice Department sued to block the alliance, and a federal judge ruled last week that the partnership violates antitrust law.

American Airlines raises Q2 profit guidance on summer travel demand

Shares of American Airlines trend higher after the airline raises its forecast due to strong travel demand.

American Airlines raises second-quarter profit outlook on lower fuel costs

American Airlines Group Inc on Wednesday raised its forecast for second-quarter profit on lower jet fuel costs and high travel demand.

Memorial Day Holiday Weekend Air Travel Exceeds Pre-Pandemic Level

Airports had more passengers over the Memorial Day holiday weekend than before the COVID-19 pandemic.

This Airline Just Got Magnificent News. Investors Didn't Notice.

The unwinding of JetBlue's alliance with American Airlines significantly increases the likelihood that JetBlue will be permitted to buy Spirit Airlines.

American Airlines (AAL) Stock Sinks As Market Gains: What You Should Know

American Airlines (AAL) closed at $14.35 in the latest trading session, marking a -0.21% move from the prior day.

Airline Stock Roundup: RYAAY's Q4 Loss, AAL's Labor Deal & More

A federal judge orders American Airlines (AAL) and JetBlue (JBLU) to end their partnership. Delta (DAL) is set to have a new COO.

American Airlines flags no earnings impact from NEA ruling

American Airlines and JetBlue announced the creation of the Northeast Alliance (NEA) in July 2020 to coordinate flights and pool revenue while competing against Delta Air Lines and United Airlines, that dominate the New York-area and Boston markets. Last week, a federal judge ruled for both carriers to end the alliance saying the partnership "substantially diminishes competition in the domestic market for air travel".

United CEO on debt ceiling, new $1 billion Denver investment

United Airlines CEO Scott Kirby is keeping one eye on the debt ceiling drama but also on how his airline invests its capital.

Top Airline Stocks for Q2 2023

Top airline stocks for the second quarter include Copa Holdings SA (CPA), Deutsche Lufthansa AG (DLAKY), and International Consolidated Airlines Group SA (BABWF). The share prices of all three have risen by more than 30% in the past year. Airline stocks, as represented by the U.S. Global Jets ETF (JETS) benchmark, have fallen 4% in the past 12 months, compared with a 3% gain for the S&P 500 Index.

The Undoing of American and JetBlue’s Northeast Alliance – in 11 Quotes

The 94-page ruling methodically knocks down the argument from American and JetBlue that their alliance boosts competition to benefit flyers.

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  American Airlines says it will appeal a ruling that would break up a partnership with JetBlue

  AP Finance
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  American Airlines to appeal JetBlue alliance court ruling

  Reuters

American Airlines and JetBlue Passengers Get Surprising Good News

A new decision will force the two airlines to do something they don't want to do that's good for customers (though both argue otherwise).

Judge Rejects Partnership Between American Airlines and JetBlue

A federal judge ruled in favor of the Justice Department’s effort to unwind a partnership between American Airlines and JetBlue, finding that their arrangement suppressed competition in key Northeast markets.

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  American Airlines says it will appeal a ruling that would break up a partnership with JetBlue

  AP Finance
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  American Airlines to appeal JetBlue alliance court ruling

  Reuters

JetBlue and American Airlines were ordered by a judge to end their alliance in the Northeast US

A federal judge in Massachusetts struck down a partnership between JetBlue and American Airlines to coordinate routes and schedules in the Northeast US, which had effectively combined the Boston and New York operations of the two carriers. Citing antitrust grounds, the judge ruled that the deal was a “naked agreement not to compete.”

American Airlines and JetBlue must abandon their partnership in the Northeast, federal judge rules

American Airlines and JetBlue Airways must abandon their partnership in the northeast United States, a federal judge in Boston ruled Friday, saying that the government proved the deal reduces competition in the airline industry. The ruling is a major victory for the Biden administration, which has used aggressive enforcement of antitrust laws to fight against mergers and other arrangements between large corporations. The Justice Department argued during a trial last fall that the deal would eventually cost consumers hundreds of millions of dollars a year.

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  American Airlines says it will appeal a ruling that would break up a partnership with JetBlue

  AP Finance
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  American Airlines to appeal JetBlue alliance court ruling

  Reuters

American and JetBlue airlines must end alliance, US judge rules

WASHINGTON (Reuters) -American Airlines Group must end its alliance with JetBlue Airways Corp, a federal judge ruled on Friday, agreeing with the U.S. Justice Department that the arrangement means higher prices for consumers and ordering the companies to part ways within 30 days. The decision represented a victory for President Joe Biden's administration, which has taken a hard line on consolidation and tie-ups in the aviation industry. The Justice Department, six states including Massachusetts as well as the District of Columbia sued in 2021 to unwind the deal announced in 2020, calling the "Northeast Alliance" a "de facto merger" of the American and JetBlue Boston and New York operations that removes incentives for them to compete.

American Airlines says it has a deal with the pilots' union on a new contract; terms not disclosed

American Airlines has reached a tentative labor agreement with pilots who recently raised the possibility of a strike against the nation’s biggest airline if they were unable to get a new contract with higher pay. Earlier this year, Delta Air Lines pilots ratified a contract that will boost their pay 34% over four years, but American pilots said they needed more to catch up with Delta, which has a richer profit-sharing program. American CEO Robert Isom said in March that the airline was ready to give pilots 40% more in pay and retirement contributions.

Travel: ‘We’re seeing a ton of demand,' says Expedia CEO

Expedia's CEO Peter Kern says travelers can expect prices to remain high amid a 'ton of demand' this summer.