American Airlines Group

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  • Aug. 14, 2015, 9:16 AM
    • Airline stocks are on watch as U.S. crude oil prices hit their lowest level in six years.
    • The sector hasn't rallied with the same vigor as it did with previous swings lower in oil which has some analysts calling for a delayed rally.
    • Though many companies left some savings on the table due to hedging activity, fuel cost per mile flown ranged lower by 20% to 45% in the sector during Q2.
    • Earlier this week, Raymond James pitched the case that airlines will use fare increases to cover rising labor costs, leaving fuel expense savings for balance sheet moves.
    • Related stocks: DAL, UAL, AAL, SAVE, RJET, HA, ALK, JBLU, VA, ALGT, LUV.
    • Related ETF: JETS.
    | Aug. 14, 2015, 9:16 AM | 16 Comments
  • Aug. 11, 2015, 8:23 AM
    • American Airlines Group (NASDAQ:AAL) reports revenue passenger miles increased 4.8% to 21.78B in July. Pacific routes showed the strongest growth with a 10.1% rise.
    • Capacity was 2.2% higher at 24.9B available seat miles.
    • July load factor +220 bps to 87.3%.
    • YTD load factor -10 bps to 82.6%.
    • The company expects Q3 PRASM to fall 6% to 8%.
    • AAL +0.58% premarket to $41.92.
    | Aug. 11, 2015, 8:23 AM
  • Aug. 7, 2015, 8:07 AM
    • American Airline Group (NASDAQ:AAL) and Sabre (NASDAQ:SABR) are investigating recent breaches of their computer systems, according to Bloomberg.
    • The incidents are believed to be part of the broad incursion of U.S. government and corporate targets by China-based hackers last month.
    | Aug. 7, 2015, 8:07 AM
  • Jul. 31, 2015, 1:27 PM
    • U.S. airline companies generated net income of over $5.7B in Q2 off of operating revenue that was roughly in-line with the level from last year.
    • Analysts expect the benefit of lower fuel prices and the high level of ancillary fee growth to continue into Q3 and Q4. While regulatory pressure may be dialed up with a collusion probe hanging over the sector, efficiency is seen firming up as strategic capacity growth feeds revenue.
    • Share prices haven't quite kept up with profit growth across much of the sector on skittish reactions by some investors to ongoing developments (hacking, labor, flight disruptions, PRASM guidance).
    • Forward P-E ratios below 10: American Airlines Group (NASDAQ:AAL), United Continental (NYSE:UAL), Delta Air Lines (NYSE:DAL), Hawaiian Holdings (NASDAQ:HA), Virgin America (NASDAQ:VA), Republic Airways (NASDAQ:RJET), SkyWest (NASDAQ:SKYW), Southwest Airlines (NYSE:LUV).
    • Forward P-E ratios below 10-15: JetBlue (NASDAQ:JBLU), Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE).
    • Forward P-E ratios +15: Allegiant Travel (NASDAQ:ALGT).
    • Related ETF: JETS.
    | Jul. 31, 2015, 1:27 PM | 24 Comments
  • Jul. 25, 2015, 12:31 PM
    • Airlines stocks ended the week on a down note, despite record profits being reported by American Airlines Group (NASDAQ:AAL), United Continental (NYSE:UAL), and Southwest Airlines (NYSE:LUV).
    • Investors kept their sharp focus on key metric PRASM (passenger revenue per available seat mile) by turning skittish when American execs warned fare pressure will keep PRASM growth negative into 2016.
    • Fares fell in May and June on an unadjusted basis as reported by the BLS, but perhaps an even bigger eye-opener was the 19% drop reported by Spirit Airlines (NASDAQ:SAVE) on average ticket revenue per flight segment - a sign of promotional pressure.
    • Regulatory pressure also continues to be a larger factor. The DOT is now probing Delta Airlines (NYSE:DAL), United Continental, Southwest Airlines, and Jetblue (NASDAQ:JBLU), for possible price-gouging following the Amtrak train crash in Philadelphia. That follows a broader DOJ investigation into capacity growth collusion.
    • Hedging: Though lower fuel costs continue to a major tailwind, some airlines were burned by increasing hedging activity too quickly. No-hedging American reported a 38.5% drop in fuel per available seat mile in Q2, while United Continental had to absorb a $118M hedging loss which lowered its consolidated fuel expense savings to 32% Y/Y. United said it's building up a small hedge heading into 2016 (UAL earnings call transcript).
    • Related stocks: HA, ALK, ALGT, VA, RJET.
    • Related ETF: JETS.
    | Jul. 25, 2015, 12:31 PM | 32 Comments
  • Jul. 24, 2015, 7:19 AM
    • American Airlines Group (NASDAQ:AAL) reports passenger revenue per available seat mile fell 6.9% to $0.1357 in Q2.
    • Mainline costs per available seat mile dropped 12.8% to $0.1187 on lower fuel expenses (average fuel price -37.2%).
    • Total revenue passenger miles were up 1.1% during the quarter, while available seat miles fell 1.9%.
    • Q2 load factor -90 bps to 83.4%.
    • AAL +2.09% premarket to $43.50.
    | Jul. 24, 2015, 7:19 AM | 86 Comments
  • Jul. 24, 2015, 7:09 AM
    • American Airlines (NASDAQ:AAL): Q2 EPS of $2.62 beats by $0.02.
    • Revenue of $10.83B (-4.7% Y/Y) misses by $30M.
    • Shares +2.79% PM.
    | Jul. 24, 2015, 7:09 AM | 1 Comment
  • Jul. 23, 2015, 5:30 PM
    | Jul. 23, 2015, 5:30 PM | 10 Comments
  • Jul. 20, 2015, 12:33 PM
    • American Airlines Group (AAL -1.9%) says it's ready to start scheduling regular flights into Cuba when permitted.
    • The company has been running chartered flights to the island for almost 25 years through Envoy Air, Sun Country Airlines, and Swift Air.
    • A major step in U.S.-Cuba relations occurred today with the reopening of embassies in Havana and Washington, D.C. after a +50-year hiatus.
    | Jul. 20, 2015, 12:33 PM | 11 Comments
  • Jul. 17, 2015, 8:48 AM
    • Airline fares rose 2.0% Y/Y in June on a seasonally adjusted basis, according to the Bureau of Labor Statistics.
    • The average fare was 1.3% lower than the level from a year ago on an unadjusted basis.
    • The increase in fares for the month follows a 5.7% jump in May.
    • There's a bit of a balancing act with fares for airlines amid a DOJ probe on collusion. Though heavyweight industry execs are looking for fare stabilization and controlled capacity increases, they are very likely to keep a tight rein on their public comments. Most analysts don't think there is a smoking gun on collusion similar to the infamous taped conversations between Braniff and American execs in the 1980s.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | Jul. 17, 2015, 8:48 AM | 19 Comments
  • Jul. 14, 2015, 11:04 AM
    • It's a topsy-turvy day for the airline sector with JetBlue (JBLU +1.5%) impressing with its June traffic numbers and Spirit Airlines (SAVE -8.5%) disappointing with guidance.
    • The bigger story might be the forecast on oil prices after the Iran nuclear deal was hammered out.
    • Though oil prices haven't moved off dramatically with the timing of excess supply on the market unknown, the development is a long-term consideration for airlines which are looking for a sustained period of lower jet fuel prices.
    • Also on the radar, capacity concerns have been dialed back a bit over the last week, while a report yesterday on booming ancillary revenue in the sector painted a bright picture.
    • Trading is mixed on Delta Air Lines (DAL +0.2%), American Airlines Group (AAL -0.8%), United Continental (UAL -0.5%), Virgin America (VA -0.4%), Allegiant Trading (ALGT -0.8%), Hawaiian Holdings (HA -0.5%), Alaska Airl Group (ALK +0.4%), Republic Airway (RJET -1.9%), and Southwest Airlines (LUV -0.4%).
    • There's always the U.S. Global Jets ETF (NYSEARCA:JETS) for a broad sector play.
    • Previously: Load factor impresses at JetBlue (Jul. 14 2015)
    • Previously: Spirit Airlines cuts 2015 op. margin guidance; shares -4.8% (Jul. 13 2015)
    | Jul. 14, 2015, 11:04 AM | 17 Comments
  • Jul. 13, 2015, 11:36 AM
    • American Airlines Group (AAL +3.3%) announces it will add eight new routes covering parts of Mexico, Latin America, and the Caribbean.
    • The boost in capacity will bring American Airlines up to 1,750 weekly flights to the expanded region.
    | Jul. 13, 2015, 11:36 AM | 8 Comments
  • Jul. 10, 2015, 2:50 PM
    • American Airlines Group (AAL +4.2%) has set October 17th as the final day of US Airways flights.
    • The company is already in the process of migrating US Airways reservations into the integrated AA system.
    | Jul. 10, 2015, 2:50 PM | 2 Comments
  • Jul. 10, 2015, 11:30 AM
    | Jul. 10, 2015, 11:30 AM | 17 Comments
  • Jul. 10, 2015, 8:39 AM
    • American Airlines Group (NASDAQ:AAL) announces revenue passenger miles increased 2.8% to 20.4B in June.
    • Pacific RPMs were +20.3% to 940.3M, while domestic RPMs were +3% to 11.568B.
    • The company's capacity was up 2.4% to 23.9B available seat miles.
    • June load factor +40 bps to 85.4%.
    • YTD load factor -50 bps to 81.7%.
    • American sees Q2 passenger revenue per available seat mile down 6% to 8%. Pretax margin for the quarter is expected to fall in the 16% to 18% range.
    • AAL +1.36% premarket to $40.21.
    | Jul. 10, 2015, 8:39 AM | 6 Comments
  • Jul. 9, 2015, 11:20 AM
    | Jul. 9, 2015, 11:20 AM | 34 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