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Why Fast-paced Mover American Airlines (AAL) Is a Great Choice for Value Investors
ZACKS· 2024-10-31 13:50
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...
American Airlines Won In The Sunbelt And Lost In New York
Forbes· 2024-10-26 16:38
Core Viewpoint - American Airlines is facing challenges in expanding its network presence, particularly in New York City, which is crucial for competing with Delta and United Airlines [1][4]. Group 1: Network Strengths and Weaknesses - American Airlines has a strong presence in the Sunbelt region, with major hubs in Dallas and Charlotte, but lacks a robust network in northern and West Coast markets [1][2]. - CEO Robert Isom acknowledged the need to address network deficiencies, particularly in major cities like New York and Chicago, where competition is fierce [2][5]. - The airline's market share in New York is significantly lower than competitors, with only 12% of JFK passengers and 21% at LaGuardia, compared to Delta's 30% and 42% respectively [4]. Group 2: Strategic Partnerships and Future Plans - American Airlines has established partnerships, such as with Alaska Airlines on the West Coast and British Airways for transatlantic flights, to strengthen its network [2][3]. - The airline plans to introduce new routes, including JFK-Haneda in June 2025 and additional Caribbean destinations, to enhance its service offerings [3]. Group 3: Impact of Past Strategies - A previous attempt to circumvent corporate distribution norms has negatively impacted American Airlines, particularly in high-competition markets like New York, Los Angeles, and Chicago [5]. - The airline's frequent flyer partnerships may have diminished in value due to its weak position in New York, a key wealth center [5].
Top Airline Stocks to Buy After Q3 Earnings: AAL & LUV
ZACKS· 2024-10-25 22:46
Two top airline stocks look more attractive with American Airlines (AAL) , and Southwest Airlines (LUV) blowing past their third quarter earnings expectations on Thursday and were able to fly by sales estimates as well.More intriguing, American and Southwest Airlines were already benefiting from a positive trend of earnings estimate revisions over the last 30 days, landing their stocks a Zacks Rank #2 (Buy). American Q3 Results Attributed to what it called an aggressive shift in its sales and distribution ...
American Airlines Analysts Boost Their Forecasts After Better-Than-Expected Earnings
Benzinga· 2024-10-25 19:20
American Airlines Group Inc. AAL reported upbeat third-quarter financial results and updated its 2024 EPS outlook on Thursday.The airline reported third-quarter total operating revenue growth of 1.2% year-over-year to $13.647 billion, beating the consensus of $13.471 billion. The adjusted operating margin stood at 4.7% compared to 5.4% a year ago. AAL reported adjusted EPS of 30 cents, down from 38 cents a year ago but above the consensus of 15 cents.For 2024, American Airlines now expects an adjusted EPS ...
AMERICAN AIRLINES GROUP INC. (NASDAQ: AAL) INVESTIGATION ALERT: Bernstein Liebhard is Investigating American Airlines Group Inc.
GlobeNewswire News Room· 2024-10-25 16:23
Core Viewpoint - Bernstein Liebhard LLP is investigating potential breaches of fiduciary duty by the board of directors of American Airlines Group Inc. related to the mistreatment of airline passengers with disabilities [1] Group 1 - The investigation is focused on the repeated mistreatment of passengers with disabilities by American Airlines [1] - Shareholders are encouraged to discuss their legal rights and options regarding this issue [1] Group 2 - Bernstein Liebhard LLP has a strong track record, having recovered over $3.5 billion for clients since 1993 [2] - The firm has represented both individual investors and large public and private pension funds [2] - Bernstein Liebhard LLP has been recognized multiple times in legal industry rankings for its litigation success [2]
5 Broker Liked Stocks to Keep an Eye on After Recent Analyst Upgrades
ZACKS· 2024-10-25 14:45
After performing impressively in September, volatility returned to grip the U.S. equity markets in October. The hotter-than-expected inflation reading for September has reignited recession fears. In September, the consumer price index rose 0.2% month over month, beating the consensus estimate of a 0.1% rise. These matters have not improved as geopolitical woes in the Middle East have intensified.Given these headwinds, investors are well-advised to get help from brokers, who are experts in the field of inves ...
AAL Beats Q3 Earnings & Revenue Estimates, Lifts FY24 EPS View
ZACKS· 2024-10-24 17:26
American Airlines’ (AAL) third-quarter 2024 earnings (excluding 53 cents from non-recurring items) of 30 cents per share beat the Zacks Consensus Estimate of 13 cents. In the year-ago quarter, AAL reported earnings of 38 cents per share. The year-over-year bottom-line contraction was mainly due to high labor costs. Operating revenues of $13.65 billion surpassed the Zacks Consensus Estimate of $13.49 billion and increased 1.2% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Cal ...
American Airlines raises full year profit forecast as quarterly earnings beat expectations
Proactiveinvestors NA· 2024-10-24 16:35
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
American Airlines (AAL) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-24 16:06
For the quarter ended September 2024, American Airlines (AAL) reported revenue of $13.65 billion, up 1.2% over the same period last year. EPS came in at $0.30, compared to $0.38 in the year-ago quarter.The reported revenue represents a surprise of +1.16% over the Zacks Consensus Estimate of $13.49 billion. With the consensus EPS estimate being $0.13, the EPS surprise was +130.77%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...
AAG(AAL) - 2024 Q3 - Earnings Call Presentation
2024-10-24 15:53
| --- | --- | |-------|------------------------------| | | | | | American Airlines Group Inc. | | | THIRD- QUARTER HI YANGIAL | | | October 24, 2024 | Forward-looking statements Certain of the statements contained in this presentation should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward- looking statements may be identified by words ...