|Bid||49.50 x 100|
|Ask||51.09 x 200|
|Day's Range||49.53 - 50.98|
|52 Week Range||35.84 - 55.75|
|PE Ratio (TTM)||9.24|
|Dividend & Yield||0.81 (1.58%)|
|1y Target Est||N/A|
American Airlines reported second quarter earnings that beat Wall Street's expectations.
Air France-KLM, Delta Air Lines and Virgin Atlantic have agreed a so-called 'put' option with Virgin Group that allows Virgin Atlantic to remain in majority UK ownership in the event of a hard Brexit. Richard Branson's Virgin Group on Thursday said it would sell a 31 percent stake in Virgin Atlantic to Air France-KLM, reducing its stake to 20 percent.
IAG Chief Executive Willie Walsh said on Friday that a reshaped alliance between Delta, Air France-KLM and Virgin was unlikely to change much in the industry, adding that it was too early to say what the impact of the arrangement would be. Delta Air Lines, Air France-KLM and Virgin Atlantic unveiled plans on Thursday to combine two overlapping transatlantic joint-ventures, supported by equity deals worth $1 billion, as airlines brace for more competition. "We'll wait and see, but at this stage I don't think it's going to make much of a difference... (Virgin) has been in effect been controlled by Delta for several years.