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American Airlines Group (AAL)

  • Feb. 11, 2013, 4:07 AM
    Travel in blizzard-hit states in the North East is beginning to get back to normal, with just 66 U.S. flights canceled today so far compared with thousands from Friday-Sunday. However, as cities such as New York and Boston clear up, another storm across the Northern Plains was forecast to drop up to a foot of snow. Meanwhile, Hattiesburg and Petal in Mississippi were yesterday hit with a tornado that appeared to be a mile wide. (Flight tracker)
    | Feb. 11, 2013, 4:07 AM | Comment!
  • Feb. 11, 2013, 2:42 AM
    Although antitrust regulators have become more tough in recent times about not approving major mergers, they are likely to authorize AMR's (AAMRQ.PK) deal with US Airways (LCC), experts reckon. The tie-up involves only around a dozen overlapping routes, which the government hasn't regarded as a problem in the past. And regulators could force the new airline to sell landing slots at airports where its presence would be too big.
    | Feb. 11, 2013, 2:42 AM | 2 Comments
  • Feb. 10, 2013, 4:04 AM
    US Airways (LCC) and AMR (AAMRQ.PK) have reportedly resolved key differences over valuation and management structure in their merger talks and could announce a deal late in the week. The transaction could value the combined company at $10.5-11B and bring $1B in revenue and cost benefits. US CEO Doug Parker will lead the new firm, which will be branded American Airlines, and AMR's Tom Horton will be non-executive chairman until the spring of 2014. AMR creditors will receive 72% and US investors the rest.
    | Feb. 10, 2013, 4:04 AM | 6 Comments
  • Feb. 10, 2013, 3:39 AM
    Airports in the North East are slowly ramping up operations after over 5,700 U.S. flights were cancelled yesterday and on Friday mostly because of the snow storm , with another 241 canceled for today. The blizzard dropped up to 40 inches of snow, cut power to over half a million customers, and left at least nine people dead. Entergy's (ETR) Pilgrim nuclear plant in Massachusetts shut down safely after losing its outside power supply. (Flight tracker)
    | Feb. 10, 2013, 3:39 AM | Comment!
  • Feb. 8, 2013, 5:59 AM
    AMR's (AAMRQ.PK) unsecured creditors are reportedly set to vote on Monday over the airline's merger with US Airways (LCC), with the carriers' boards also due to to vote on the deal on the same day. The transaction could then be announced on Tuesday. The sides want to finalize the merger before an NDA with AMR's bondholders expires on Friday, after which the creditors will be able to trade the company's debt.
    | Feb. 8, 2013, 5:59 AM | 6 Comments
  • Feb. 8, 2013, 5:09 AM
    Airlines have canceled at least 2,200 flights for today and another 500 for tomorrow ahead of a blizzard in the North-Eastern U.S. that's forecast to dump up to 2 1/2 feet of snow, with affected airlines including United Continental (UAL), JetBlue Airways (JBLU), Delta Air Lines (DAL) and AMR (AAMRQ.PK). Power utilities bracing for the storm include National Grid (NGG), PSE&G’s (PEG) and Connecticut Light & Power (NU).
    | Feb. 8, 2013, 5:09 AM | 1 Comment
  • Feb. 6, 2013, 9:26 PM
    US Airways (LCC) and AMR Corp. (AAMRQ.PK) are just a few key details away from inking a merger agreement, reports the WSJ. The current deal under discussion would be an all-stock transaction with American Airlines creditors getting 72% of the combined entity and US Air shareholders the rest. American's key creditors are on board, say sources, making a merger highly likely.
    | Feb. 6, 2013, 9:26 PM | 7 Comments
  • Feb. 6, 2013, 11:21 AM
    Airline stock move higher with oil prices cooling off on supply jitters. It's welcome relief for the sector after jet fuel prices rose 5% in January alone. Gainers: UAL +3.6%, DAL +2.4%, JBLU +3.2%, LCC +2.8%, ALK +1.1%.
    | Feb. 6, 2013, 11:21 AM | Comment!
  • Feb. 4, 2013, 10:06 AM
    American Airlines (AAMRQ.PK) and Alaska Airlines (ALK -0.2%) will boost their partnership by adding new codeshare routes for customers traveling in the U.S. The new deal will give Alaska Airlines customers access to 13 new markets.
    | Feb. 4, 2013, 10:06 AM | Comment!
  • Feb. 4, 2013, 6:51 AM
    AMR (AAMRQ.PK) seeks more time with a judge to file its bankruptcy reorganization plan. The company is asking for an extension until April 15.
    | Feb. 4, 2013, 6:51 AM | Comment!
  • Jan. 30, 2013, 7:07 AM
    AMR (AAMRQ.PK) CEO Tom Horton is having discussions with officials from American Airlines and US Airways (LCC) over what his role would be at a combined airline. Whatever position is carved out for him, it's believed that it will be below US Airways top exec Doug Parker who is most likely to be pegged as the new CEO of the world's largest airline by traffic if the merger is finalized.
    | Jan. 30, 2013, 7:07 AM | 9 Comments
  • Jan. 29, 2013, 11:03 AM
    A group of AMR (AAMRQ.PK) bondholders sitting on $1.5B in unsecured debt will back a deal for the carrier to merger with US Airways (LCC -2.6%), according to reports. Along with yesterday's news that the Transport Workers Union will support the airliner combination, a deal is starting to look even more imminent.
    | Jan. 29, 2013, 11:03 AM | 3 Comments
  • Jan. 28, 2013, 5:50 PM
    The third and final big union at AMR Corp. (AAMRQ.PK) agrees to basic labor terms in the event the American Airlines parent combines with US Airways (LCC), smoothing the path to a potential merger. The Transport Workers Union, which represents nearly 21K workers at American, says the deal gives its members an immediate 4.3% raise in the event of a merger.
    | Jan. 28, 2013, 5:50 PM | Comment!
  • Jan. 27, 2013, 2:19 AM
    AMR's (AAMRQ.PK) board is reportedly due to meet tomorrow and on Tuesday to discuss the latest developments in its merger negotiations with US Airways (LCC), which could be finalized within two weeks. The airlines still need to agree on the management structure, the makeup of the boards, and the final price. AMR thinks its plan to exit Chapter 11 as independent carrier is still viable, although it's less likely.
    | Jan. 27, 2013, 2:19 AM | 3 Comments
  • Jan. 24, 2013, 6:46 AM
    American Airlines (AAMRQ.PK) signs a new agreement to add 76 large regional jets to its fleet. Under the terms of the deal, Republic Airways will acquire the jets to then be branded and run under the American Eagle banner.
    | Jan. 24, 2013, 6:46 AM | 3 Comments
  • Jan. 23, 2013, 8:26 AM
    More on U.S. Airways (LCC): The carrier posts its largest annual profit in its history after capping off the year with a Q4 which saw its revenue rise faster than costs. Capacity cuts helped drive its passenger yield and load factor higher during the period. LCC +2.8% premarket. (PR)
    | Jan. 23, 2013, 8:26 AM | 3 Comments
Company Description
American Airlines Group Inc, through its subsidiaries, operates in the airline industry. The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C.
Sector: Services
Industry: Major Airlines
Country: United States