|Bid||27.96 x 1800|
|Ask||27.98 x 2200|
|Day's Range||27.96 - 28.43|
|52 Week Range||24.23 - 43.30|
|Beta (3Y Monthly)||1.97|
|PE Ratio (TTM)||8.27|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||0.40 (1.41%)|
|1y Target Est||38.35|
There are new details in the case of an airline mechanic accused of sabotaging an American Airlines jetliner. Prosecutors say evidence unveiled at the suspect's bail hearing revealed he stored ISIS videos on his phone and made statements wishing Allah would harm non-Muslims. Kris Van Cleave reports.
American Airlines worker Adbul Alani was arrested at Miami’s airport two weeks ago for allegedly disabling the navigational system of a 737 jet carrying 150 people.
American Airlines (AAL) stock has had a rough ride so far this year. The current dip in its share price could be a buying opportunity for investors.
Today marks the inaugural flight of the American Airlines official Stand Up To Cancer Airbus 321 that features 22,627 names of cancer survivors, patients and those we have lost to cancer. Names were submitted by the public throughout the month of July, all of whom donated $25 or more to have their loved one’s name added to the plane, resulting in more than $825,000 for cancer research. Names include Patrick Swayze, a pilot himself, who was added to the plane by his wife of 34 years, Lisa Niemi Swayze.
Having endured high costs and low capacity issues due to the MAX groundings, Ryanair (RYAAY) now expects the aircraft to again take off come February or March.
Some airlines have been forced to keep the back seats empty on Airbus’s (EASDY) A320neos due to a problem similar to Boeing (BA) 737 Max 8’s
With a whopping $80.6 million in revenue, it’s not a surprise to business travelers which of Raleigh-Durham International Airport’s routes is its top generator.
Southwest Airlines Co. (NYSE: LUV) was the longtime dominant carrier at Birmingham-Shuttlesworth International Airport. For three consecutive months, American Airlines (Nasdaq: AAL) has outpaced Southwest for second in market share at the airport behind Delta. Airlines pointed to a combination of factors for American’s ascension and Southwest’s slip in the market share rankings at BHM.
On Wednesday, Southwest Airlines (LUV) stock rose 1% and outperformed most of its peers' intraday gains. The stock outperformed the broader market as well.
’Tis the season to book your holiday flights. AAA Travel analyzed its flight booking data from the last three years to pinpoint the best window to make your Thanksgiving and Christmas plans. The following day (the 26th) is when travelers should start wrapping up their Christmas itineraries, as well.
(Bloomberg Opinion) -- Almost exactly a year ago, a small Canadian cannabis company was generating a lot of buzz (sorry, couldn’t resist the pun). Despite trifling quarterly revenue of $9.7 million, Tilray Inc.’s market capitalization got so high (sorry again, I’ll stop) that it briefly eclipsed that of major companies people have actually heard of, such as American Airlines Group Inc.The boom quickly faded — not surprising, given how senseless it looked even in the moment — and Tilray’s stock has continued to decline. And the cannabis sector has also stumbled recently.But this dampened enthusiasm for marijuana stocks does not necessarily reflect fading prospects for the marijuana market, which still has promise. Instead, it is related to short-term challenges associated with a bumpy rollout of legal marijuana in Canada, which are making it hard for winners to quickly emerge.In October 2018, Canada became only the second country to legalize recreational marijuana. But it’s still not particularly easy for Canadian consumers to get their hands on cannabis, as the pace of dispensary openings has been slow.In a research note, Vivien Azer of Cowen & Co. offered this example to demonstrate how sparse dispensaries are, on a per capita basis, in Ontario, the country’s most populous province:Kenneth Shea, a Bloomberg Intelligence analyst, notes that even within the small ecosystem of stores, it’s been tough in early days to match supply with demand, with dispensaries sometimes sold out of higher-quality strains.Meanwhile, average prices for legal cannabis remain well above prices on the illegal market. If the legal product is still inconvenient to buy, and if the illegal product is cheaper, then it follows that dispensary sales of cannabis haven’t exactly soared yet.In this fast-evolving, Wild West of a market, some industry heavyweights have ended up disappointing investors with their recent sales or profitability figures. Aurora Cannabis Inc., for one, had said in May it was on track to achieve growth in adjusted earnings before interest, taxes, depreciation and amortization in the fourth quarter. When it reported results last week, it said it had failed to meet this target, citing “challenges at the retail level” that were “beyond its control.”That doesn’t mean there aren’t realistic paths for the industry’s leading companies to earn more revenue as they bolster their capacity and as the forthcoming addition of more Canadian retail locations gives them a chance to court more customers. Plus, some of the biggest opportunity in Canada is yet to come: In the first year of legalization, the country allowed sales of only certain cannabis products, including smokeable flower and oils. Edibles and beverages are to be phased in later this year, potentially drawing interest from a wider swath of consumers who aren’t interested in smoking but are curious about cannabis.Looking beyond Canada, forecasts suggest medical and recreational markets will continue to open up worldwide, providing ample opportunity for long-term growth if these companies can ramp up their supply quickly and build compelling brands.So, a year after Tilray’s wild ride, investors seem to be getting more cautious about cannabis stocks. It’s hard to know which companies will eventually prosper — and it’s risky to try to make a quick investing buck from it. The outlook for the industry as a whole, however, remains plenty upbeat.To contact the author of this story: Sarah Halzack at firstname.lastname@example.orgTo contact the editor responsible for this story: Michael Newman at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
A U.S. federal judge on Wednesday ordered that an American Airlines mechanic charged with purposely damaging an aircraft that was due to take off from Miami with 150 aboard remain behind bars before a trial, court papers showed. "We are cooperating with federal authorities in this investigation. The safety of our customers and team members remains our top priority," American Airlines said in a statement.
Competition is fierce on Asia/Pacific routes from the U.S., but now American Airlines has reason to crow — for the second year in a row — about its service to the area.
What investors might expect from the Fed's two-day policy meeting as Wall Street awaits another rate cut. The latest global oil news after the weekend's attacks on Saudi Arabia. Positive U.S. economic updates. And why JLL stock looks like a buy - Free Lunch
More and more, the Chicago-based carrier is making special event flight schedules a part of its operating philosophy.
The increase in August passenger traffic at the likes of Alaska Air (ALK) and JetBlue (JBLU) highlight the strong demand for air travel.
U.S. stock futures are trading lower as investors prepare for the next Federal Reserve rate decision. The market is currently pricing in a 64% probability of a quarter-point rate cut during tomorrow's meeting. The current target rate is 2% to 2.25%.Source: Shutterstock Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.27%, and S&P 500 futures are lower by 0.20%. Nasdaq-100 futures have shed 0.16%.Trading in the options pits has been remarkably consistent of late with call volume leading the way every single day. Once again, traders favored calls pushing total volume north of 21.5 million. Put volume, meanwhile, climbed to 16.2 million matching recent average levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe distance between calls and puts narrowed at the CBOE, however, with the single-session equity put/call volume ratio jumping to a two-week high at 0.68. The rise wasn't enough to halt the ongoing decline in the 10-day moving average, though. It fell to another two-month low at 0.61.Options traders swarmed energy stocks Monday. Halliburton (NYSE:HAL) and Exxon Mobil (NYSE:XOM) were two of the largest players among the top four. American Airlines (NYSE:AAL) fell 7.3% on its highest volume session since January.Let's take a closer look: Halliburton (HAL)Surging oil prices set the tone Monday. And energy stocks were the biggest beneficiary. Traders pushed aggressively into Halliburton shares throughout the session, creating its highest volume session in four years, with over 36.5 million shares traded. * 10 Recession-Resistant Services Stocks to Buy The one-day 11% rally provided a much-needed boost to HAL stock, powering it above its 50-day moving average and a key descending trendline. While much work remains before its intermediate- and long-term trends turn higher, the rapid turnabout is beckoning to bottoming fishers.The energy sector is one of the only areas that has wholly sat out the latest stage of the bull market. Traders can use the 200-day moving average near $26 as HAL stock's next target.On the options trading front, traders came after calls with a vengeance. Activity ballooned to 530% of the average daily volume, with 125,386 total contracts traded; 82% of the trading came from call options alone.The increased demand drove implied volatility higher on the day to 49% placing it at the 75th percentile of its one-year range. With premiums now juiced, short options strategies are the way to go. I like naked puts into weakness if you believe HAL could be bottoming. Exxon Mobil (XOM)As the king of the oil field, Exxon Mobil was an obvious target for traders chasing energy stocks. However, it's behavior was far less bullish or exciting than that seen in the smaller names. While many companies saw their shares gap and run (a breakaway gap), XOM stock was sold aggressively right at the open and gave back about half of its gains.It finished the day only up 2.3%. Perhaps the trouble lied with the location of its gap. XOM jumped directly into the 200-day moving average, which has had a history of rejecting its prior rally attempts. The stock had already run ahead of the gap, so maybe this was a case of running too far too fast. Whatever the reason, XOM stock will need some backing and filling before mustering the strength to take out the 200-day.The options trading mirrored Halliburton's with calls dominating the day. Total activity zoomed to 413% of the average daily volume, with 125,482 contracts traded. Calls added 84% to the session's sum.Implied volatility rallied on the day but remains low at 22% or the 25th percentile of its one-year range. Premiums are pricing in daily moves of $1.01 or 1.4%. American Airlines (AAL)The perception that higher oil prices are a headwind for airlines was on full display. While energy stocks soared, airlines soured. American Airlines dropped 7.3% amid massive distribution giving back all of last week's gains in a single session. * 7 Momentum Stocks to Buy On the Dip AAL stock was making strides, pushing above its 50-day moving average and turning its short-term trend higher. Unfortunately, Monday unwound it all, pushing the chart back into bearish territory. Until $30 can be reclaimed, bulls should probably shop elsewhere.On the options trading front, calls outpaced puts despite the thrashing. Activity climbed to 241% of the average daily volume, with 95,155 total contracts traded. Calls accounted for 61% of the day's tally.Implied volatility rose to 41% or the 31st percentile of its one-year range. Premiums are now pricing in daily moves of 71 cents or 2.6%.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 * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Tuesday's Vital Data: Halliburton, Exxon Mobil and American Airlines appeared first on InvestorPlace.
Shares of airline companies suffered a broad beating Monday, led lower by American Airlines Group Inc.’s stock, as soaring crude-oil prices stoked fears that rising fuel costs would act as a drag on earnings.
Former American Airlines president Scott Kirby once derided fuel hedging as “a rigged game that enriches Wall Street.” It is a position that the company may want to reconsider after an attack on two key Saudi Arabian oil facilities sent crude prices soaring on Monday. Jet fuel, along with labour, is an airline's greatest cost item. During the oil price rally between 2011-2014, when Brent was averaging around $100 a barrel, the industry aggressively hedged fuel costs with swaps and other financial instruments.
One of 2018’s top airlines, United Airlines stock has struggled to gain altitude in 2019. UAL has returned ~9% YTD, lagging the broader market.
Southwest Airlines and American Airlines shares were down Monday morning after an attack on Saudi oil infrastructure over the weekend.