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 an ...

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 ...

American Airlines (AAL) cut its outlook late Tuesday and said its chief commercial officer, Vasu Raja, will leave in June. AAL stock tumbled late, with several other airline stocks retreating, including United and Delta.X American Air now expects second-quarter earnings per share of $1-$1.15 vs. its prior target of $1.15-$1.45. It sees unit revenues down 5%-6% vs. a year earlier. Previously, it expected a 1%-3% decline.The carrier said Stephen Johnson, vice chairman and chief strategy officer, will assume R ...

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American Airlines (AAL) ended the recent trading session at $13.84, demonstrating a +0.14% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, added 1.1%.The world's largest airline's stock has dropped by 2.19% in the past month, exceeding the Transportation sector's loss of 2.76% and lagging the S&P 500's gain of 4.03%.The investment community will be paying close attention to the earnings perf ...

This Memorial Day weekend is likely to see record-breaking travelers hitting the road and taking to the skies. According to travel service provider American Automobile Association (“AAA”), this weekend will be the busiest in nearly two decades.An increase in travel demand should boost revenues and profitability for the travel and tourism industry, thereby leading to higher share prices. Investors can tap this trend through stocks that stand to profit big time from an upbeat Memorial Day travel trend. Some o ...