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American Airlines Group (AAL)

  • Dec. 13, 2012, 2:34 PM
    The IATA's forecast for 2012 airline industry profits lit a charge under stocks in the sector for the day, but the group also sees clear skies ahead in 2013. Fuel prices should fall lower and passenger demand will increase by 4.5%, according to IATA estimates. Things are even rosier for North American carriers, with profits expected to jump 42% Y/Y to $3.4B. In the big picture, the targeted capacity cuts at airlines may finally stay to pay dividends.
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  • Dec. 13, 2012, 9:51 AM
    Airline stocks trade higher after IATA raises its profit forecast for the sector. The trade group says it expects airlines to hit a profit level of $6.7B this year, up from a prior estimate of $4.1B. The lift is due to "improving efficiency and restructuring," says IATA director-general Tony Tyler.
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  • Dec. 13, 2012, 7:42 AM
    Creditors of AMR (AAMRQ.PK) would like to see an all-stock deal if a merger with US Airways (LCC) occurs, according to reports. The preference is seen as a vote of confidence in a combined American-US Airways airline.
  • Dec. 11, 2012, 10:35 AM
    US Airways (LCC +1.7%) will expand into South America with daily flights into Sao Paolo from Charlotte, North Carolina. Carriers have been circling around the idea of adding flights into the nation in front of the World Cup in 2014 and Olympics in 2016, but as of late US Airways has been more aggressive pulling the trigger on international expansion.
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  • Dec. 11, 2012, 6:32 AM
    A combined AMR (AAMRQ.PK) and U.S. Airways (LCC) would reportedly be valued at over $8B, putting it on a par with Delta Airlines. AMR CEO Tom Horton yesterday said the carrier will decide soon whether to merge with U.S. or try to exit bankruptcy protection as an independent carrier. The company is also open to receiving private-equity financing or other external funding.
  • Dec. 7, 2012, 2:33 PM
    US Airways (LCC +3.3%) sent a merger proposal to American Airlines (AAMRQ.PK) and its creditors in mid-November, according to the WSJ. The pitch is an all-stock deal divvying up the carrier 70% to American's creditors and the remaining 30% to US Airways. If all went according to plan, the combined airline would be valued at close to $8B.
  • Dec. 5, 2012, 10:30 AM
    US Airways (LCC -1.5%) says it saw passenger revenue per available seat mile fall by two percentage points during November as the impact of Hurricane Sandy slammed the carrier in the first part of the month. November earnings were down $20M due to storm.
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  • Dec. 4, 2012, 9:44 AM
    Airline stocks trade higher with oil prices easing off and more M&A talk swirling around following news from yesterday that Virgin Atlantic was up for sale. Another underlying factor to watch in the sector is if European or U.S. regulators relax on foreign ownership rules to put a charge into consolidation plans. Advancers: DAL +2.9%, LUV +1.5%, UAL +1.4%, LCC +1.3%.
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  • Nov. 30, 2012, 5:15 PM
    AMR Corp. (AAMRQ.PK) reports a net loss of $164M in October, saying that American and AMR Eagle canceled more than 2,000 flights as a result of Hurricane Sandy and estimates that the Hurricane had a $40M negative impact on October revenue.
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  • Nov. 30, 2012, 1:07 PM
    American Airlines (AAMRQ.PK) asks for more time to submit a bankruptcy restructuring plan. If granted, the deadline period to exclusively file a restructuring plan to the court will expire on March 11.
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  • Nov. 29, 2012, 5:27 AM
    A group of AMR (AAMRQ.PK) bondholders have told the bankrupt airline's pilots union that it will only support the carrier's exit from bankruptcy protection as a standalone company if a new board is appointed comprising mostly of directors with no prior affiliation to the company. The group includes JPMorgan (JPM) and holds up to $885M in AMR debt.
  • Nov. 27, 2012, 3:00 PM
    President Obama signs a bill to effectively shield U.S. airlines from European carbon emission fees. The development is a victory for carriers with the threat of having to pay a fee for flight times over U.S. soil on top of the time spent in EU airspace a part of the controversial emissions trading system.
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  • Nov. 26, 2012, 10:16 PM
    US Airways (LCC) estimates a $30M negative impact to revenue and a $15M negative impact on earnings from Hurricane Sandy for the month of October. Additionally, the company saw total Y/Y bookings decline by 13% between October 24 and November 3, and as a result, the company estimates that this negatively affected November earnings by approximately $20M. The airline notes however, that bookings have since returned to normal levels.
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  • Nov. 21, 2012, 5:16 PM
    The market is well-staged right now for gains in a number of sectors, says Sabrient Systems Chief Market Strategist David Brown. Health-care companies, the energy sector, housing businesses and airlines all can be purchased at reasonable prices now with solid growth prospects well into 2013. Despite market valuations being at reasonable levels relative to historic norms, there clearly are some bargains out there. His picks: United Therapeutics (UTHR), Marathon Petroleum (MPC), US Airways (LCC) and Delta (DAL).
  • Nov. 15, 2012, 1:40 PM
    American Airlines (AAMRQ.PK) will have an easy time finding new flights attendants to train with over 20K people applying for open positions. The carrier saw over 2K flights attendants take a voluntary buy-out offered up in the hope the company can reduce long-term costs.
  • Nov. 14, 2012, 3:43 AM
    US Airways (LCC) yesterday presented its case for a merger with AMR (AAMRQ.PK) to the bankrupt airline's unsecured creditors committee, Bloomberg reports. The panel has a say in AMR's restructure, and includes the carrier's three largest unions and bondholder representatives. The committee is due to meet today with representatives from AMR, which wants to exit Chapter 11 as a standalone operator.
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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