American Airlines Group (AAL) - NASDAQ
  • Wed, Mar. 23, 5:58 PM
    • American Airlines (NASDAQ:AAL) says it will allow employee profit-sharing in a new  program that will pay 5% of pretax profits to all but management employees based on this year's earnings.
    • AAL has not allowed employee profit-sharing in new labor contracts reached since its 2013 merger with US Airways, and has long argued that employees want defined pay increases and certainty in their pay checks.
    • CEO Doug Parker says that while the 5% rate is lower than that paid by its rivals, AAL plans to offer higher hourly pay rates than those same peers in contracts being negotiated now and in the future.
    | Wed, Mar. 23, 5:58 PM | 40 Comments
  • Tue, Mar. 22, 7:55 AM
    • Shares of American Airlines Group (NASDAQ:AAL) slide in early trading following the Belgium terror attacks.
    • The company says initial reports indicating that one of the explosions occurred next to the airline's check-in area at the Brussels International Airport are inaccurate.
    • AAL -3.38% premarket to $42.00.
    | Tue, Mar. 22, 7:55 AM | 17 Comments
  • Mon, Mar. 21, 5:55 PM
    • More airlines are backing off spending billions of dollars to hedge against rising fuel costs after getting burned by low oil prices, WSJ reports, as the speed of the oil price plunge caught the airline industry by surprise and turned some hedges into big money losers.
    • Delta Air Lines (NYSE:DAL) and United Continental (NYSE:UAL) say they have no hedges in place for next year after racking up respective $2.3B and $960M in hedging losses last year; on the other hand, American Airlines (NASDAQ:AAL) abandoned hedging in 2014 and enjoyed cheaper fuel costs than many of its rivals.
    • Smaller U.S. carriers including JetBlue (NASDAQ:JBLU) and Spirit Airlines (NASDAQ:SAVE) have been minimizing their hedges, and even some European carriers that were big advocates of hedging are scaling back.
    • Southwest Airlines (NYSE:LUV) says there's still a place for hedging even after estimating in January that its 2016 hedge book - for 20% of its consumption - was $1B underwater, meaning it will pay $0.50-$0.60/gallon more for jet fuel than some rivals; LUV estimates hedging chopped $2B off its fuel bill during 2001-15.
    | Mon, Mar. 21, 5:55 PM | 14 Comments
  • Mon, Mar. 21, 11:09 AM
    • The weakness in oil prices has prompted many airlines to reconsider their hedging policies with the potential benefits seen as no longer outweighing the risk of missing out on added profit from low-priced jet fuel.
    • Delta Air Lines (DAL +0.3%) and United Continental (UAL +1.3%) have no hedges in place next year, according to The Wall Street Journal. A lower percentage of fuel expenses are hedged at JetBlue (JBLU +0.9%) and Spirit Airlines (SAVE +0.2%).
    • American Airlines Group (AAL +0.5%) and WestJet (OTC:WJAFF, OTC:WJAVF) gave up hedging completely in a very strategic move. "Hedging is a rigged game that enriches Wall Street," explains American' Scott Kirby.
    • Related ETF: JETS.
    | Mon, Mar. 21, 11:09 AM | 22 Comments
  • Thu, Mar. 17, 3:09 PM
    • American Airlines (NASDAQ:AAL) expects to receive 90 new aircraft this year, according to Aviation Week.
    • The company has already added 215 planes since 2014 in a modernization push.
    • American has increased capacity by 3.1% so far this year. Domestic capacity is up 2.7%, while international available seat miles are up 3.8%. Regional ASMs are 7.1% higher.
    | Thu, Mar. 17, 3:09 PM | 21 Comments
  • Tue, Mar. 15, 9:31 AM
    • U.S. airlines have both filed proposals with the Department of Transportation on adding routes to Cuba. In their filings, the carriers are taking plenty of shots at each other on pricing and capabilities.
    • American Airlines (NASDAQ:AAL), Southwest Airlines (NYSE:LUV), Spirit Airlines (NASDAQ:SAVE), and JetBlue (NASDAQ:JBLU) all seek the highly-coveted landing slots at Havana's major airport from different cities in the U.S.
    • The DOT is expected to award the routes this summer.
    | Tue, Mar. 15, 9:31 AM | 9 Comments
  • Thu, Mar. 10, 11:30 AM
    • U.S. airline stocks aren't reaping the benefits of low fuel costs as concerns over capacity outweigh attractive valuation (the median sector forward P/E ratio is around 9.5). A bulk of the sector is in negative territory for the year.
    • Recently-released traffic reports from February indicate fare pressure could increase this year.
    • Airline execs have been on the hot seat about the increase in flights, but so far haven't dialed back growth plans for 2016. The closest thing to capitulation comes from JetBlue CEO Robin Hayes. "Clearly if these pricing trends continue, we will look at more of our [marginal] capacity," said Hayes.
    • Despite record earnings, the problem for investors is that the sector is overrepresented by "higher turnover" investors focused on the PRASM metric, notes Wolfe Research's Hunter Keay. There's also a new focus on baggage fees and a DOJ probe on collusion in the mix.
    • Capacity growth in February (Y/Y): Virgin America +21%, United Continental +7% (U.S.), Allegiant Travel +23%, American Airlines +8% (U.S.), JetBlue +20%, Southwest Airlines +14%, Delta Air Lines +11% (U.S.).
    • Related stocks: AAL, LUV, HA, ALK, SAVE, VA, JBLU, UAL, RJET, ALGT, DAL.
    • Related ETF: JETS.
    | Thu, Mar. 10, 11:30 AM | 6 Comments
  • Wed, Mar. 9, 2:58 PM
    • Colonial Pipeline’s unwillingness to expand its pipelines that run between Texas and New Jersey is raising the cost of fuel, companies told the FERC at a meeting held to discuss Colonial's proposal to change the rules on its pipeline.
    • Colonial’s 5,500-mile pipeline system, an essential energy transportation artery to the U.S. northeast, has been full since 2012, so some longtime shippers do not get as much space to ship fuel as they need.
    • Marathon Petroleum (NYSE:MPC) and American Airlines (NASDAQ:AAL) said at the meeting they have to buy fuel on the east coast because they cannot ship enough fuel on the pipeline.
    • Gas station operators Sunoco (NYSE:SUN) and Murphy USA (NYSE:MUSA) told the commission they pay other companies for additional pipeline space.
    • The pipeline is owned by Koch Industries, South Korea’s National Pension Service, KKR, Royal Dutch Shell (RDS.A, RDS.B) and others.
    | Wed, Mar. 9, 2:58 PM | 19 Comments
  • Wed, Mar. 9, 1:56 PM
    • Democratic Senators Richard Blumenthal (Conn.) and Ed Markey (Mass.) introduced a bill earlier today designed to curb excessive baggage and cancellations fees charged by airlines.
    • The proposed legislation aims to limit baggage fees to only cover the costs of the baggage handlers, ticket agents, the baggage processing, or other direct costs tied to checking a bag.
    • Airlines collected over $3B last year in baggage fees and ticket cancellation charges to represent almost 25% of all revenue.
    • Data from the Bureau of Labor Statistics indicates that Delta Air Lines (NYSE:DAL) collects more in baggage fees than any other U.S. airline.
    • Related stocks: AAL, LUV, HA, ALK, SAVE, VA, JBLU, UAL, RJET, ALGT.
    • Related ETF: JETS.
    • Full text of Fair Fees Act (.pdf)
    | Wed, Mar. 9, 1:56 PM | 56 Comments
  • Tue, Mar. 8, 10:48 AM
    • American Airlines Group (AAL -4.5%) reports revenue passenger miles rose 4.7% to 15.679B in February. Domestic RPMs were up 5.3%.
    • Capacity was up 8% to 20.375B available seat miles. Domestic ASMs increased 7.9%.
    • February load factor -230 bps to 77.0%.
    • YTD load factor -30 bps to 78.4%.
    • The company maintains its view that PRASM will fall between 6% and 8% in Q1.
    | Tue, Mar. 8, 10:48 AM | 45 Comments
  • Mon, Mar. 7, 1:14 PM
    • American Airlines Group (AAL +1.2%) is accused of maintaining a "toxic culture" in a letter sent by the Allied Pilots Association to CEO Doug Parker.
    • The biting letter alleges violations of the pilots contract and takes issue with management.
    • "Candidly, the new American Airlines product is outright embarrassing and we’re tired of apologizing to our passengers," reads the missive.
    | Mon, Mar. 7, 1:14 PM | 26 Comments
  • Thu, Mar. 3, 2:24 AM
    • U.S. carriers are set for a dogfight over newly opened flight rights to Havana, but their interest in other Cuban destinations appears to be lukewarm.
    • Airlines had until the close of business on Wednesday to submit applications to the Department of Transportation that outlined the routes they would like to fly.
    • That comes after a February agreement paved the way towards restoring commercial air service between the two countries for the first time in decades.
    • Previously: U.S., Cuba sign deal to reopen scheduled air travel (Feb. 17 2016)
    • Related tickers: AAL, DAL, JBLU, LUV, UAL, ALK
    | Thu, Mar. 3, 2:24 AM | 7 Comments
  • Fri, Feb. 26, 7:46 AM
    • Shares of Republic Airways Holdings (NASDAQ:RJET) are down 74% to $0.90 after the company filed for bankruptcy due chiefly to pilot turmoil.
    • The carrier offers feeder flights for Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL), and United (NYSE:UAL). Those flights are expected to operate as normal while the bankruptcy case proceeds.
    • Republic's filing is the first major bankruptcy in the U.S. airline industry since American filed back in 2011.
    • Previously: Republic Airways files for Chap. 11 bankruptcy (Feb. 25 2016)
    | Fri, Feb. 26, 7:46 AM | 55 Comments
  • Mon, Feb. 22, 1:13 PM
    | Mon, Feb. 22, 1:13 PM | 10 Comments
  • Fri, Feb. 19, 9:05 AM
    • Airline fares rose 1.2% M/M in January, according to the Bureau of Labor Statistics.
    • The average fare during the month was 1.7% lower than the level from a year ago on an unadjusted basis.
    • The bump in fares coincides with fuel costs still sitting at depressed levels for airline companies. Recent reports from carriers suggest that pricing has picked back up on the high end, while some markets remain highly competitive (Virgin America reported Q4 fares were down 9%).
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | Fri, Feb. 19, 9:05 AM | 1 Comment
  • Wed, Feb. 17, 10:26 AM
    • Consumer discretionary stocks associated with travel are higher as investors load up on some beat-up names after Priceline reported strong bookings growth.
    • There's also a general sentiment that recession fears on Wall Street, don't necessarily add up to panic on main street.
    • Notable gainers include InterContinental Hotels Group (IHG +5.4%), Stay America (STAY +4.5%), Marriott International (MAR +3%), Starwood Hotels & Resorts (HOT +3.4%), Caesars Entertainment (CZR +8.5%), Norwegian Cruise Line Holdings (NCLH +6.8%), Diamond Resorts International (DRII +6.3%), MGM Resorts (MGM +2.8%), United Continental (UAL +3.6%), Spirit Airlines (SAVE +5.6%), Delta Air Lines (DAL +3.3%), American Airlines Group (AAL +2.6%), Virgin America (VA +4.1%), Marriott Vacations (VAC +2.7%), Hyatt Hotels (H +3.2%), Wyndham Worldwide (WYN +3.4%), Southwest Airlines (LUV +3.6%), and Six Flags (SIX +3.2%).
    • Previously: Priceline rallies after earnings shine (Feb. 17 2016)
    • Previously: Priceline beats by $0.83, beats on revenue (Feb. 17 2016)
    • Previously: Expedia, TripAdvisor rally following Priceline's Q4 beat, bookings improvement (Feb. 17 2016)
    | Wed, Feb. 17, 10:26 AM | 2 Comments
Company Description
American Airlines Group, Inc. is a holding company for American Airlines and US Airways. The company, together with American Eagle and US Airways Express operates an average of nearly 6,700 flights per day to 339 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort... More
Sector: Services
Industry: Major Airlines
Country: United States