Jan. 28, 2014, 8:19 AM
- American Airlines Group (AAL) reports consolidated passenger revenue per available seat mile rose 5% to $0.1364 during Q4 on an improved load factor.
- Special charges and integration costs clouded the view on profitability, but fuel costs and maintenance-related expenses moderated.
- "Early returns on our merger are very positive," says CEO Doug Parker.
- AAL +3.1% premarket
Jan. 28, 2014, 8:08 AM| Comment!
Jan. 28, 2014, 12:05 AM
Jan. 27, 2014, 5:30 PM
Jan. 21, 2014, 1:02 PM
- Norwegian Air keeps adding orders for 787 Dreamliners as its stays on an aggressive of path of creating a low-cost carrier model for flights across the Atlantic Ocean.
- The company's expansion could also include flights to Asia.
- Regulators in the U.S. still need to approve the plan and will review filings from a group representing United Continental (UAL +0.2%), Delta Air Lines (DAL +2.9%), and American Air Group (AAL +1.1%) claiming Norwegian Air is trying to skirt DOT rules.
Jan. 17, 2014, 11:15 AM
- American Airlines Group (AAL +2.1%) disclosed earlier this week that it has $10.3B in cash and investments.
- Though it will take some time to smooth out integration costs and financial reporting, the cash position is larger than what analysts expected.
- Down the road, the excess liquidity will likely be used to further reduce the company's debt load or "reward" shareholders, says JPMorgan.
- SEC Form 8-K
Jan. 16, 2014, 3:45 PM
- The average airfare climbed 2% last year to $363.42 to mark the 4th consecutive year the industry managed to raise prices.
- The 2% increase is fares is only mild compared to the costs airliners have eliminated by paring back unprofitable routes and increasing their load factors. Another drop in the revenue bucket is the $3.4B U.S. airlines raked in last year in baggage fees.
- Fares are expected to increase again in 2014 with four companies - American Airlines Group, Delta Air Lines, Southwest Airlines, and United Continental - dominating market share.
- Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, RJET, SAVE, ALGT, SKYW.
Jan. 15, 2014, 4:19 PM
- American Airlines Group (AAL) names the 17 cities that will lose nonstop service from Washington Reagan National Airport from either American Airlines or US Airways.
- The move stems from an agreement with the DOJ to give up a total of 104 takeoff and landing slots at the airport.
- Other carriers are now free to negotiate for the open slots.
Jan. 14, 2014, 7:52 AM| Comment!
Jan. 13, 2014, 8:12 AM
- IATA says global passenger traffic rose 4.1% Y/Y in November, a deceleration from the 6.5% growth seen in October.
- The industry watcher says strong reads on consumer and business confidence bodes well for an acceleration in the next few months for passenger traffic.
- Regional traffic growth: Asia-Pacific carriers +5.5%; European carriers +4.1%; North American carriers +1.7%; Latin American carriers +6.9%.
- Related stocks: AAL, UAL, DAL, RYAAY, CPCAY, SINGY, CEA, ZNH, CPA, GOL, LFL, DLAKF, AIDIF, QUBSF, JBLU, RJET, SAVE, ALK, HA, AIRYY, MLYAF, AFLYY
Jan. 10, 2014, 2:42 PM
- Imperial Capital isn't getting too carried too away with United Continental's (UAL +2.9%) strong report on per-seat revenue for December which lit up the whole sector yesterday.
- The firm notes a late Thanksgiving and a mass cancellations during the month skewed traffic and revenue metrics for the entire industry.
- Still, there's little question that capacity rationalization and stable fuel price trends point to a favorable environment for shares prices to run higher. Imperial favors Delta Air Lines (DAL +0.6%) and American Airlines Group (AAL -0.4%) as its top sector picks.
Jan. 9, 2014, 4:00 PM
- Deutsche Bank sees profits for the airline industry in 2014 of $7.6B, up 13% from last year's level.
- The positive capacity trend started in 2013 will extend into this year giving investors a fresh bite at the apple despite the decent-sized returns airline stocks have run up.
- "A more rational airline industry not only means improved financial returns and ample free cash flow, but excess cash to return to shareholders," writes analyst Michael Linenberg.
- The investment firm is playing favorites, naming United Continental (UAL), American Airlines (AAL), Southwest Airlines (LUV), and Delta Air Lines (DAL) as it top picks in that order.
- Previous: UAL lead big rally in airline stocks.
Jan. 9, 2014, 10:14 AM
- Airline stocks are off and flying in the opening hour of trading.
- United Continental (UAL +11%) is leading the charge after reporting it saw per-seat revenue rise 12.5% in December.
- An oddity of the airline industry is that mass cancellations sometimes improve performance metrics as the percentage of filled seats improves for flights flown.
- The rest of the sector is buying into the theory as well: Alaska Air (ALK) +4.5%, American Airlines Group (AAL) +5.9%, Delta Air Lines (DAL) +4.8%, Southwest Airlines (LUV) +2.1%, Hawaiian Holdings (HA) +1.3%.
Jan. 6, 2014, 9:17 AM| 2 Comments
Jan. 6, 2014, 3:20 AM
- Airlines have cancelled over 9,000 flights and delayed thousands of others over the past four days as winter storms dump snow over huge swathes of the country.
- The Midwest is experiencing the coldest weather in almost 20 years, with the highest temperatures in Chicago not even expected to reach zero degrees fahrenheit (-18 degrees celsius).
- The storm is heading towards the East Coast, which already experienced a major whiteout at the end of last week.
- Related tickers: DAL, AAL, LUV, JBLU, ALK, RJET, HA, SAVE, UAL, LUV, SKYW, ALK
Jan. 3, 2014, 5:20 PM
- Airline stocks were flying high today, led by Delta Air Lines (DAL) after it reported better than expected December revenue, as consolidated passenger unit revenue jumped 10% Y/Y driven by continuing strong demand and benefits from the timing of the Thanksgiving holiday; DAL also enjoyed lower than expected fuel costs for the month.
- After DAL's announcement, S&P Capital IQ raised its rating on DAL shares to Strong Buy from Buy, lifted its estimates for 2013 and 2014 profits, and hiked its price target to $40 from $30 in the belief that DAL is likely to continue to take in more per-seat revenue than other airlines.
- DAL rose 5.5%, just missing a 52-week high, while Southwest (LUV) gained 2.8% and hit 52-week highs.
- Also: UAL +5.8%, AAL +4.6%, JBLU +5.2%, HA +7.1%, RJET +6.2%, SAVE +4.2%, ALK +1.8%, SKYW +1.2%.
AAL vs. ETF Alternatives
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.
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