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Major carrier American Airlines (NASDAQ:AAL) found itself under the spotlight following its job cut announcement. Seeking to reorganize and improve its customer service team, management announced that it would eliminate 8.2% of its 8,000 customer service-related positions. However, these American Airlines layoffs run counter to growing positive economic data, raising a curious picture of contrast.Nominally, the cuts come out to a total of 656 employees, per a USA Today report. Citing a Bloomberg report, the ...

American Airlines plans to lay off 656 employees in its customer support department as it consolidates into one team.  In total, 335 employees in Phoenix and another 321 in Dallas-Fort Worth who are part of the company's AAdvantage Customer Service, Customer Relations and Central Baggage Resolution groups will be laid off, the Texas-based carrier told FOX Business.Those groups fall under American's Service Recovery Team, which is dedicated to helping resolve customer issues after travel has occurred, such a ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

Bruce Bennett American Airlines (NASDAQ:AAL) is one of the airline stocks that I have a hold rating on. I quite like where the company is heading focusing its business operations and improving its balance sheet. At the same time, however, it does seem that while the standard message that management has that they are tracking well on their targets and the AAdvantage member program is bringing in a bigger share of the revenues, the margins that American Airlines produces continue to trail that of United Airli ...

Earnings for the fourth and final quarter of 2023 continue to roll in. And, as is often the case, the results are a mixed bag. While many companies, such as Tesla (NASDAQ:TSLA), are posting big misses, other companies are surprising to the upside, sending their share prices higher as a result. In recent days, several notable companies have announced much stronger-than-expected financial results. This causes investors to take notice and sends analysts scrambling to revise their stock ratings and price target ...

Airline stocks are having a day today, even as Boeing (BA) 737 MAX drama spirals out of control. American Airlines Group Inc (NASDAQ:AAL), Delta Air Lines, Inc. (NYSE:DAL), and United Airlines Holdings Inc (NASDAQ:UAL) are all varying degrees higher today, shaking off the 737 nonsense and enjoying a post-earnings halo lift from one of their own. The sector tailwinds are all because of AAL, last seen up 10.5% to trade at $15.39. The company's fourth-quarter earnings surpassed estimates, while the 2024 profit ...

American Airlines Group (AAL 10.41%) easily surpassed earnings expectations for the fourth quarter and provided upbeat guidance about 2024. Investors are jumping on board, sending shares of American up nearly 11% as of 1 p.m. ET Thursday.Packed planes and strong profits in the fourth quarterU.S. travelers have been packing airlines and airports since the end of the pandemic, and American saw no sign of a slowdown in the last three months of 2023. American earned $0.29 per share in the fourth quarter on reve ...

Key TakeawaysAmerican Airlines beat profit and sales forecasts for the fourth quarter as it benefited from higher demand for air travel.The largest U.S. carrier also predicted full-year 2024 earnings per share above analysts' estimates.American cut its debt by more than $500 million in the fourth quarter of 2023, and $3.2 billion for the full year.American Airlines stock was up more than 10% in early-afternoon trading.American Airlines Group (AAL) shares flew higher as the biggest U.S. carrier posted earnin ...

American Airlines’ (AAL) fourth-quarter 2023 earnings (excluding 26 cents from non-recurring items) of 29 cents per share easily beat the Zacks Consensus Estimate of 6 cents. In the year-ago quarter, AAL reported earnings of $1.17 per share.Operating revenues of $13,062 million decreased 1% year over year. The top line beat the Zacks Consensus Estimate of $13,024.1 million.Passenger revenues, accounting for 91.9% of the top line, decreased to $12,010 million from $12,131 million recorded a year ago. The met ...