American Airlines Group Inc (NASDAQ:AAL) is dragging the airline sector after slashing its second-quarter forecast and announcing its chief commercial officer will leave the company. Plus, Seaport Research Partners downgraded the stock to "neutral" from "buy." At last check, AAL is down 14.8% to trade at $11.46 -- its lowest level since November, and worst single-day percentage drop since June 2020. The equity fell more than 20% over the last 12 months, and just gapped below the $12 level that had contained ...

American Airlines Group Inc. (NASDAQ:AAL) Bernstein Strategic Decisions Conference Call May 29, 2024 9:00 AM ET Company Participants Scott Long - Vice President, Investor Relations and Corporate Development Robert Isom - Chief Executive Officer Conference Call Participants David Vernon - Bernstein David Vernon Good morning, everyone, and welcome to Bernstein's 40th Annual Strategic Decisions Conference. My name is David Vernon. I'm the senior analyst covering transports and airlines for Bernstein. Joining m ...

American Airlines Group Inc. (NASDAQ:AAL) Bernstein Strategic Decisions Conference Call May 29, 2024 9:00 AM ET Company Participants Scott Long - Vice President, Investor Relations and Corporate Development Robert Isom - Chief Executive Officer Conference Call Participants David Vernon - Bernstein David Vernon Good morning, everyone, and welcome to Bernstein's 40th Annual Strategic Decisions Conference. My name is David Vernon. I'm the senior analyst covering transports and airlines for Bernstein. Joining m ...

Laser1987/iStock Editorial via Getty Images At the time of writing, American Airlines Group Inc. (NASDAQ:AAL) stock is trading down 15% and the stock is now down nearly 20% since I reiterated my buy rating for American Airlines last week. Normally, I do not revisit a stock this quickly, but for American Airlines, there have been two key developments that are worth discussing. The company issued a downward revision for the second quarter and one of its key executives will be leaving the company. American Air ...

American plans a reboot as worries build about demand.American Airlines Group (AAL -14.70%) slashed quarterly estimates and announced the departure of its chief commercial officer, a sign of softening demand and a change of strategy.Shares of American were down 14% as of 1 p.m. ET, and the news is taking other airlines along for the ride. Shares of Southwest Airlines (LUV -4.77%) were down as much as 7% on Wednesday and traded down 5% as of 1 p.m. ET.Weakening demand and a change in strategyAirline investor ...

Shares of American Airlines (AAL) declined in excess of 6% in after-market trading on May 28, following management’s decision to trim its earnings per share outlook for second-quarter 2024. Due to soft air-travel demand, revenues are likely to take a hit. As a result, second-quarter total revenue per available seat miles is now expected to decline in the 5-6% band from the year-ago levels (a dip of 1-3% was expected previously). System capacity (measured in available seat miles) is still estimated to increa ...

American Airlines CEO Robert Isom on Wednesday promised a reset of the carrier’s sales and distribution strategy after the carrier cut its earnings forecast for the current quarter despite robust demand for travel.The downbeat outlook led to a 15% drop in American’s shares, dragging down the broader the NYSE Arca Airline index.Isom blamed the changes to the airline’s sales strategy for softer customer bookings, dding American was evaluating its strategy “holistically and piece by piece.”CEO Robert Isom blam ...

FORT WORTH, Texas, May 29, 2024 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ:AAL) invites its stockholders, team members and other interested parties to attend its virtual annual meeting of stockholders on Wednesday, June 5, at 9 a.m. CT. Anyone can attend the annual meeting by registering in advance or on the day of the meeting at proxydocs.com/AAL and clicking the "Register Here" button. Stockholders can submit questions on the day of the meeting in real-time in writing through the virtual ann ...

FORT WORTH, Texas, May 29, 2024 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) invites its stockholders, team members and other interested parties to attend its virtual annual meeting of stockholders on Wednesday, June 5, at 9 a.m. CT. Anyone can attend the annual meeting by registering in advance or on the day of the meeting at proxydocs.com/AAL and clicking the “Register Here” button. Stockholders can submit questions on the day of the meeting in real-time in writing through the virtual an ...

American Airlines planes sit at the gate at Los Angeles International Airport (LAX) in Los Angeles, California, on July 26, 2023.American Airlines will slash its capacity growth in the second half of the year and consider a host of other changes, CEO Robert Isom said Wednesday, a day after the carrier cut its revenue and profit forecast and said it is parting ways with its Chief Commercial Officer, Vasu Raja.Raja led a plan to drive direct bookings at the airline in lieu of third-party sites and travel agen ...