icon
0%

American Airlines Group AAL - News Analyzed: 3,822 - Last Week: 100 - Last Month: 499

↗ American Airlines Group AAL: Major Financial Movements, Partnerships, and Market Predictions

American Airlines Group AAL: Major Financial Movements, Partnerships, and Market Predictions

The Swiss National Bank and Metis Global Partners LLC sell shares of American Airlines Group Inc. (AAL) while Truist Financial Corp and Federated Hermes Inc. raise their stakes. HSBC initiates coverage with a buy recommendation and its price target is raised to $22.00. AAL reports its Q1, Q2, Q3, Q4, and annual 2023 financial results as well as updating their Q1, 2024 forecasts. Despite a loss, AAL shares surge 10% due to a strong demand driving their 2024 profit forecast. Some institutional investors are however concerned over AAL's P/S ratio.
Graphyte signs its first carbon removal purchase agreement with AAL, and the airline scores a partnership with the Texas Rangers. Despite a recent drop in its trading price, AAL is considered undervalued with analysts suggesting potential upwards momentum. AAL is planning nonstop service from New York to Tokyo following tentative approval. It has also launched a new codeshare partnership with Philippine Airlines. However, Q1 losses are expected at the lower end of guidance due to rising fuel costs.

American Airlines Group AAL News Analytics from Thu, 06 Jul 2023 07:00:00 GMT to Sun, 19 May 2024 09:59:12 GMT - Rating 2 - Innovation 6 - Rumor -2

The email address you have entered is invalid.