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American Airlines Group (AAL)

  • Oct. 23, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: AEP, ALXN, ATI, BA, BMY, CP, DAL, DPS, DTE, EAT, ECA, ELN, EMC, GD, GLW, HCBK, IACI, KMB, LCC, LL, LLY, LMT, LO, LVLT, MSI, NDAQ, NEE, NOC, NYB, OC, PVR, PX, RCI, REGN, RES, SAP, T, TMO, TROW, WYN
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  • Oct. 23, 2012, 1:21 PM
    US Airways (LCC -1%) will pursue American Airlines (AAMRQ.PK) even without the approval of the carrier's management, according to the Allied Pilots Association. In a message sent to pilots last night, the union says an "alternate strategy" is being mapped out.
  • Oct. 23, 2012, 7:02 AM
    The European Union's Court of Justice rules against Deutsche Lufthansa AG and British Airways (BAIRY.PK) by upholding a previous decision on paying compensation to passengers on flights in Europe that have been delayed by three hours or more. Carriers will be exempt from paying back passengers in the event of bad weather conditions or a strike.
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  • Oct. 17, 2012, 1:19 PM
    AMR Corp. (AAMRQ.PK -2%) says that American's first Boeing (BA) 787-9 Dreamliner aircraft delivery, previously scheduled for 2014, has been delayed due to production issues, and due to the complexity of the financial arrangements with stakeholders and the bankruptcy court, it can't guarantee whether the purchase will still go through. AAMRQ.PK cut a deal with BA in 2008 to buy 42 Boeing 787-9 Dreamliners, with the right to acquire an additional 58 aircraft.
  • Oct. 17, 2012, 10:20 AM
    AMR (AAMRQ.PK) says increased reorganization expenses contributed to the $238M loss the carrier saw in Q3. A trimmer American Airlines saw consolidated passenger revenue per available seat mile increase 4.3% during the quarter on lower capacity. CEO Tom Horton says the company is in a position to submit a reorganization plan by the end of the year.
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  • Oct. 16, 2012, 1:01 PM
    Airline industry roundup: 1) Industry watchers see the recent fare hike fired off by Southwest Airlines (LUV +0.8%) sticking with other carriers soon to follow. The higher fares could hit an environment where capacity is already trimmed and oil prices are off highs. 2) Delta Air Lines (DAL -1%) has its own little gig going with a refinery now spitting out jet fuel - an event that has analysts sharpening pencils. Which carrier will follow? 3) US Airways (LCC +1%) still quietly looks for a way to make a merger with American Airlines (AAMRQ.PK) fly before the firm exits bankruptcy so management can get their hands on what would be a powerhouse combined airline.
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  • Oct. 12, 2012, 8:31 AM
    Analysts expect U.S. airlines to show solid profits for Q3 with fuel prices edging lower, but warn that they could hit air pockets in Q4. Softening demand and increasing paralysis for business travel bookings as the fiscal cliff looms could threaten results for the sector. Throttling down: LUV, DAL, UAL, AAMRQ.PK, LCC.
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  • Oct. 12, 2012, 7:52 AM
    American Airlines (AAMRQ.PK) says the flight cuts it enacted due to operational issues will continue until November 14. The carrier trimmed capacity by as much as 1%-2% as it dealt with an unusually high number of sick pilots just as talks between management and union reps heated up.
  • Oct. 12, 2012, 4:14 AM
    A group of AMR (AAMRQ.PK) bondholders has offered to provide $1B-$2B in financing to the bankrupt airline in exchange for large stakes in the carrier as part of its restructuring, the WSJ reports. The creditors, which include JPMorgan (JPM), Pentwater and Litespeed, are also open to US Airways' (LCC) proposal of a merger.
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  • Oct. 11, 2012, 6:57 AM
    American Airlines parent company AMR (AAMRQ.PK) asks a bankruptcy court in a court filing for permission to borrow up to $1.5B in order to refinance current debt. The carrier says it will secure the debt with its fleet of aircraft.
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  • Oct. 10, 2012, 2:07 PM
    A union repping flight attendants with U.S. Airways (LCC) will take a strike vote to its members after a proposed 5-year contract was narrowly voted down last month. The National Mediation Board requires at least a 30-day cooling off period before a strike could occur.
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  • Oct. 10, 2012, 6:10 AM
    AMR (AAMRQ.PK) could resurrect a plan to spin off its American Eagle regional carrier after it exits from Chapter 11, the unit's CEO, Dan Garton, has told Bloomberg. Eagle pilots this week authorized a new labor deal, adding to approvals from flight attendants and baggage handlers, while an agreement has also been reached with mechanics.
  • Oct. 9, 2012, 12:45 PM
    Maxim Group takes a swipe at the airline sector, slashing its estimate for Q3 profits to $2B from a previous level seen as coming in closer to $3B. While much of the focus has been the passenger market with its modest increase in demand, the cargo side of the business remains a drag.
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  • Oct. 9, 2012, 7:05 AM
    American Airlines (AAMRQ.PK) and British Airways (BAIRY.PK) announce that Qatar Airways will be added to their OneWorld alliance as the companies join a flurry of carriers striking international deals to add routes into new markets. The bigger picture: Execs note alliances often presage consolidation in the airline industry.
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  • Oct. 3, 2012, 10:41 AM
    Airline stocks post strong gains as oil prices swing lower with crude inventory data coming in below expectations. Leading advancers: LCC +5.7%, UAL +3.6%, HA +4.0%, DAL +3.6%.
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  • Oct. 3, 2012, 6:44 AM
    More on the American Airlines (AAMRQ.PK) - pilots dispute (previous): For the time being, the Allied Pilots Association says it will delay releasing results of its strike vote as talks move forward in a conciliatory move.
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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