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American Airlines Group (AAL)

- NASDAQ
  • Sep. 18, 2012, 4:44 PM
    American Airlines (AAMRQ.PK) is laying off more than 1,400 jobs, most of them in Miami, in the run up to Christmas season. While the airline's post-bankruptcy strategy focuses on increasing traffic at key hubs like MIA, the cuts will hit mainly fleet service clerks, crew chiefs and mechanics.
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  • Sep. 17, 2012, 6:23 PM
    AMR Corp. (AAMRQ.PK) officially cuts September-October U.S. capacity by 3.5% as pilot retirements, sick calls and maintenance issues cause above-normal delays and cancellations. The reductions will take effect immediately and be imposed system-wide on a select basis. The cancellations come less than a week after the air carrier imposed cost cuts on its pilots after winning court permission to void its existing pilot contract after the employees rejected the airline’s final offer.
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  • Sep. 17, 2012, 2:50 PM
    Though nothing is confirmed, American Airlines (AAMRQ.PK) may be the victim of an unannounced sickout as it sits engulfed in a bitter battle with its pilots over a new contract. According to data churned up by FlightStats.com, 91 flights were canceled yesterday and another 95 today. Compared to other major carriers the numbers are striking, if not suspicious.
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  • Sep. 16, 2012, 5:15 AM
    The Allied Pilots Association has filed a notice it will appeal a bankruptcy judge's verdict that allows AMR (AAMRQ.PK) to void its contract with pilots as part of the carrier's restructuring. The "company demanded concessions on numerous specific terms that are wholly unnecessary to (its) reorganization," an APA lawyer said.
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  • Sep. 13, 2012, 12:59 PM
    Airline carriers raised fares this week after perpetual leadoff hitter Southwest Airlines (LUV -1%) initiated a $10 hike per round trip. Analysts say this price increase could stick with consumer spending picking up in the U.S.
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  • Sep. 13, 2012, 8:03 AM
    AMR (AAMRQ.PK) CEO Tom Horton tells employees in a memo that American Airlines will pursue a consensual deal with pilots after winning the right last week to void its old contract. The carrier also plans to freeze pensions as of Nov. 1.
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  • Sep. 12, 2012, 8:36 AM
    American Airlines (AAMRQ.PK) signs a deal that will allow SkyWest (SKYW) to handle some of its flying. 23 regional jets that currently fly as American Eagle will switch to SkyWest. Shares of SKYW +4.2% premarket.
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  • Sep. 5, 2012, 7:46 AM
    American Airlines (AAMRQ.PK) and United Continental (UAL) will face a trial over property damage to the World Trade Center buildings after a judge in New York ruled that he couldn't determine if insurance payments covered the damages that World Trade Center Properties LLC is seeking. In a court filing, the carriers are alleged to have been negligent during the terrorist incident.
    | 9 Comments
  • Sep. 5, 2012, 4:10 AM
    AMR (AAMRQ.PK) yesterday won a major victory after Bankruptcy Judge Sean Lane approved the carrier's refiled request to void its labor contract with pilots as part of its bankruptcy restructuring. The decision comes after pilots rejected a new deal last month, and after AMR made changes to its request with regards to furloughed pilots and code-sharing.
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  • Sep. 4, 2012, 10:01 AM
    Airline stocks open weak with a new report from an industry group highlighting that profit margins on major carriers fell to -1.5% for the first half of the year, compared to -0.4% a year ago. The problem in a nutshell is that expenses in the sector keep outrunning modest revenue gains. Decliners: LCC -3.2%, UAL -1.8%, DAL -1.7%, LUV -1.5%.
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  • Aug. 31, 2012, 1:36 PM
    A merger between US Airways (LCC +2.4%) and AMR (AAMRQ.PK) is a natural fit for both sides, according to Morningstar analyst Basili Alukos. While US Airways brings a streamlined cost structure to the table, American Airlines offers an impressive array of international operations. Though a deal has been spinning in mud for months, a NDA signed by the companies has ignited renewed enthusiasm
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  • Aug. 31, 2012, 9:16 AM
    US Airways (LCC) and AMR (AAMRQ.PK) announce a non-disclosure agreement, in an indication that a merger may be back on track. LCC +6.1% premarket.
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  • Aug. 31, 2012, 9:10 AM
    Premarket gainers: SPLK +15%. TSYS +12%. OVTI +11%. STEM +8%. SAI +8%. LCC +6%.
    Losers: ZUMZ -10%. GFI] -6%. HMY -5%.
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  • Aug. 31, 2012, 7:47 AM
    The new union president repping American Airlines (AAMRQ.PK) pilots is still pushing for an agreement on a new contract, despite the recent rejection that cost his predecessor his job. At the moment, negotiations have broken down and the threat of a pilot strike is still in the background.
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  • Aug. 30, 2012, 4:10 AM
    AMR (AAMRQ.PK) is in talks to receive $1B-$2B in equity financing from a group of distressed debt funds that includes JPMorgan Securities (JPM) and which holds over $600M in the carrier's bonds. The money would help AMR exit bankruptcy protection and put it in a stronger position as it negotiates a potential merger with US Airways (LCC).
    | 4 Comments
  • Aug. 29, 2012, 8:49 AM
    US Airways (LCC) suspends merger talks with labor groups at takeover target American Airlines (AAMRQ.PK) after the bankrupt carrier asked it to do so, the union for US Airways pilots says. The session came as the carriers' pilots discussed a transitional labor accord in a merger, which AMR is resisting.
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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