American Airlines Group(AAL)- NASDAQ
  • Yesterday, 2:50 PM
    • Envoy Airlines announces it will once again have operations based out of LaGuardia Airport in New York City.
    • The carrier will operate Embraer 145/140 aircraft from LaGuardia to destinations in the U.S. and Canada.
    • Envoy expects to be up and running out of LaGuardia by Q1.
    • Envoy is a wholly-owned subsidiary of American Airlines Group (AAL -0.1%).
    | Yesterday, 2:50 PM | 2 Comments
  • Tue, Sep. 27, 10:26 AM
    • Airline stocks are pushing higher, led by a jump in Southwest Airlines (LUV +3.1%). A mix of macroeconomic factors, including a drop in oil prices and improved consumer confidence readings could be helping to lift sentiment on the drowsy sector.
    • Gainers include American Airlines Group (AAL +2.6%), Hawaiian Holdings (HA +2.3%), Delta Air Lines (DAL +2.2%), and JetBlue Airways (JBLU +2.1%).
    • Related ETF: JETS.
    | Tue, Sep. 27, 10:26 AM | 6 Comments
  • Wed, Sep. 21, 12:01 PM
    • American Airlines Group (AAL -2.3%) is lower after Raymond James downgrades the airline stock to Market Perform from Outperform.
    • The RJ team cites valuation concerns on American in comparison to peers (AAL trades at 8.2X FY17 estimates vs 6.8X for DAL and 7.6X for UAL).
    • A new mechanics contract is seen nipping at American's profit in the short term, while debt repayment costs, higher pension payments, and a lower level of buyback activity are seen as long-term drags.
    | Wed, Sep. 21, 12:01 PM | 11 Comments
  • Fri, Sep. 16, 8:44 AM
    • U.S. air fares fell 3.5% Y/Y and 5.5% M/M in August to stay in a down trend, according to data compiled by the Bureau of Transportation Services.
    • Lower fuel costs and an elevated level of capacity were factors again during the month.
    • Research firm Hopper expects fares to continue to drop until bottoming out at an average of $210 in January 2017.
    • The lower level of fares will impact Q3 revenue per available seat mile, although those expectations are already included in guidance updates.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Fri, Sep. 16, 8:44 AM | 21 Comments
  • Wed, Sep. 14, 3:20 PM
    • UBS downgrades American Airlines Group (AAL -2.6%) to Neutral from Buy.
    • The analyst team says consensus expectations and American's share price seem to factor in unit revenue (passenger revenue per available seat mile) outperformance relative to the airline group.
    • The risk-reward profiles on Southwest Airlines and United Continental look more favorable to UBS.
    • Shares of AAL are down 14% YTD.
    | Wed, Sep. 14, 3:20 PM | 2 Comments
  • Mon, Sep. 12, 8:18 AM
    • American Airlines Group (NASDAQ:AAL) reports revenue passenger miles fell back 2.8% in August to 20.443B. Domestic RPMs fell 3.7% Y/Y.
    • Capacity was up 1.4% Y/Y to 24.655B available seat miles. Domestic ASMs +0.5% to 13.4B.
    • August load factor -360 bps to 82.9%, with drops across all geographic regions.
    • YTD load factor -120 bps to 81.9%.
    • American expects Q3 revenue per available seat mile to decline 3% to 5%. The airline company also expects a Q3 pretax margin rate of 12% to 14%.
    • AAL -1.12% premarket to $38.06
    | Mon, Sep. 12, 8:18 AM | 14 Comments
  • Wed, Sep. 7, 12:03 PM
    • Transportation stocks are solidly higher across select parts of the broad sector.
    • Some technical traders think the sector is on a breakout pattern, while analysts are honed in on conference presentations where Q3 updates are being spilled.
    • Notable gainers include Diana Shipping (DSX +8.3%), Scorpio Bulkers (SALT +7.5%), Safe Bulkers (SB +4.8%), and Panagaea Logistics Solutions (PANL +13.4%), Celadon Group (CGI +4.2%), USA Truck (USAK +3.5%), American Airlines Group (AAL +6.2%), United Continental (UAL +5.6%), Delta Air Lines (DAL +5.4%), CSX Corp (CSX +1.6%), and Roadrunner Transportation Systems (RRTS +2.1%), and Swift Transportation (SWFT +0.8%).
    • The Dow Jones Transportation Index is up 1.11% vs. slight declines for broad market averages.
    | Wed, Sep. 7, 12:03 PM | 12 Comments
  • Wed, Aug. 31, 2:28 AM
    • The first regularly scheduled commercial flight between the U.S. and Cuba since 1961 is set to fly today, as a JetBlue (NASDAQ:JBLU) plane departs Fort Lauderdale for Santa Clara. Transportation Secretary Anthony Foxx will be on board.
    • Other U.S. air carries that are planning to begin airline service to Cuba include American Airlines (NASDAQ:AAL), Frontier Airlines, Silver Airways, Southwest Airlines (NYSE:LUV) and Sun Country Airlines.
    • CEFs: CUBA
    | Wed, Aug. 31, 2:28 AM | 10 Comments
  • Tue, Aug. 30, 10:58 AM
    • Airline stocks are higher as investors take a hard look at the sector seen by some analysts as undervalued.
    • On the macroeconomic front, a read on consumer confidence came in very positive today and oil prices are cooperating, while on the corporate site a major hire at United Continental (UAL +7.8%) is being well-received.
    • Notable gainers include SkyWest (SKYW +2.7%), Allegiant Travel (ALGT +2.1%), American Airlines Group (AAL +1.9%), and Delta Air Lines (DAL +1.6%).
    • Related ETF: JETS.
    | Tue, Aug. 30, 10:58 AM | 5 Comments
  • Mon, Aug. 29, 4:27 PM
    • American Airlines (AAL -0.2%) has boosted its chief operating officer, Robert Isom, to the role of president, effective immediately.
    • He replaces J. Scott Kirby, who's leaving the airline to take that role at United (UAL +0.2%). Kirby was elected president of American Airlines in 2013 and was made president of US Airways (which merged with American in 2013) in 2006.
    • Isom had begun his career at Northwest Airlines in 1991. He played a key role in integration in the merger, says CEO Doug Parker.
    • The moves are part of the board's ongoing succession planning process, the company said.
    • "As part of that process, and subsequent conversations regarding career expectations and the marketability of its executives, the company concluded it would not be able to retain its existing executive team in their current roles for an extended period," American says. "As a result, the Board chose to act proactively to establish a team and structure that will best serve American for the longer-term future."
    | Mon, Aug. 29, 4:27 PM | 15 Comments
  • Tue, Aug. 16, 10:48 AM
    • U.S. air fares plunged 8.5% M/M and 4.6% M/M in July in the sharpest drop in over a year, according to data compiled by the Bureau of Transportation Services.
    • Lower fuel costs and an elevated level of capacity were factors during the month.
    • Research firm Hopper thinks airfares will continue to drop through October on a seasonal effect. Hopper estimates an average fare of $213 per round trip in October, down from a current level of $232.
    • The level of air fares has an obvious impact on the key metric in the airline sector - revenue per available seat mile - although it didn't seem to come up much during this quarter's round of earnings calls.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Tue, Aug. 16, 10:48 AM | 11 Comments
  • Tue, Aug. 9, 3:25 PM
    • American Airlines Group (AAL +1%) is higher after issuing its report on July traffic and boosting its outlook for Q3 unit revenue (-3% to -5% vs. -3.5% to -5.5%).
    • Factors that are poised to help boost profit in the last half of the year for American include the company's new credit card agreement and a slower pace of capacity growth that will allow bookings to catch up.
    • American's management also cited a slight improvement in yields which indicates that fares in many markets are holding up.
    • Previously: American Airlines higher after holding margin guidance steady (Aug. 9)
    | Tue, Aug. 9, 3:25 PM | 1 Comment
  • Tue, Aug. 9, 8:33 AM
    • American Airlines Group (NASDAQ:AAL) reports revenue passenger miles fell 0.3% to 21.71145B in July. Domestic RPMs fell 0.9% during the month.
    • Capacity was up 2.3% to 25.49645B available seat miles. Pacific ASMs jumped 29% to 1.399B and regional ASMs were 6% higher.
    • Enplanements were down 2.3% to 18.597M in the period.
    • American's load factor fell 210 bps to 85.2% and was down across all regions.
    • American says it expects Q3 revenue per available seat mile to fall 3% to 5% and maintains its guidance for a 12% to 14% pre-tax margin rate.
    • Shares of AAL are up 2.18% to $35.10 in premarket trading.
    | Tue, Aug. 9, 8:33 AM | 2 Comments
  • Fri, Aug. 5, 11:44 AM
    • Airline stocks are higher today after a solid U.S. jobs report and with oil prices swinging lower again.
    • This summer the sector has seen bouncy trading as concerns over unit revenue, sensitivity to terrorist incidents, and new Zika outbreaks have influenced sentiment.
    • The wave of anxiety coincides with a period where profit has been increasing at some carriers to push forward price-earnings ratios to single digits. Investors focused on value now have United at a 6.9 forward PE, Delta at 6.2, American at 6.8, JetBlue at 8.5, Southwest at 9.3, and SkyWest at 9.7 to mull over.
    • Today's rally includes United Continental (UAL +4.2%), SkyWest (SKYW +3.5%), Allegiant Travel (ALGT +3.3%), Southwest Airlines (LUV +2.9%), Delta Air Lines (DAL +2.9%), Hawaiian Holdings (HA +2.2%), JetBlue (JBLU +1.8%), American Airlines Group (AAL +1.6%), Alaska Air Group (ALK +1.7%), and Spirit Airlines (SAVE +1.4%).
    • The U.S. Global Jets ETF (NYSEARCA:JETS) is up 2.11% on the day.
    | Fri, Aug. 5, 11:44 AM | 19 Comments
  • Fri, Aug. 5, 11:25 AM
    • American Airlines Group (AAL +1.5%announces it will give 30K maintenance and fleet service employees a "significant" pay raise, effective immediately.
    • The company struck an interim deal with the TWU-IAM Association which will allow the employees to work on pre-merger American and US Airways aircraft.
    | Fri, Aug. 5, 11:25 AM | 15 Comments
  • Tue, Aug. 2, 4:13 PM
    • Airline stocks had a rough day after Delta Air Lines (NYSE:DAL) showed a stinging 7% drop in passenger revenue per available seat mile in July.
    • Investors have keyed on the PRASM marks from airlines more than any other metric this year to the chagrin of some value-focused investors and analysts.
    • "The Delta number this morning was weaker than expected but not weak enough that the stock is down 7%," observes Stifel Nicolaus analyst Joseph DeNardi.
    • Increased concern on diminished travel to Florida amid the local Zika breakout in Miami is also weighing on the sector.
    • Notable decliners included JetBlue (NASDAQ:JBLU) -6.5%, United Continental (NYSE:UAL) -6.3%, American Airlines Group (NASDAQ:AAL) -5.9%, and Spirit Airlines (NASDAQ:SAVE) -4.3%. The U.S. Global Jets ETF (NYSEARCA:JETS) fell 4.1%.
    • Previously: Delta Air Lines sharply lower after updating on July results (Aug. 2)
    | Tue, Aug. 2, 4:13 PM | 23 Comments