Jim Cramer expressed disappointment over
American Airlines (AAL) returning to COVID era performance, and the stock witnessed a
15% drop over a week. The company is due to announce its Q1 earnings soon. AAL has also announced
Kathryn Farmer as nominee to its board, in a strategic effort to leverage her leadership skills. In a bid to gain a competitive edge, American Airlines plans to provide
free Wi-Fi by 2026 alongside this, they announced a
partnership with
AT&T to enable >2M+ annual flights.
Nominee Kathryn Farmer and
Tony Richmond, the newly appointed Executive VP, are expected to navigate industry challenges, as airline stocks continue to reel under pressures. Despite a temporary recovery phase, the AAL stock dipped 24.6% in a month and 18% tied to economic policies. Amidst the challenging landscape,
Jefferies proceeded with their downgrade of AAL shares resulting in a subsequent dip. Nonetheless, Q1 revenue rose to US$13,660M regardless of the 10% price dip. As of March, investors ponder over American Airlines as potential value stock under $20, overlooked amidst oversold territory.
American Airlines Group AAL News Analytics from Thu, 11 Jul 2024 07:00:00 GMT to Fri, 18 Apr 2025 13:15:00 GMT -
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