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2020-04-13 00:00:00+00:00
AAL
Some U.S. airlines nearing acceptance of payroll aid plan -sources
By Tracy Rucinski and David Shepardson April 13 (Reuters) - Some large U.S. passenger airlines are close to accepting the terms of a $25 billion offer for government coronavirus payroll aid, with announcements possible as early as Tuesday, people briefed on the matter said. Brent McIntosh, the Treasury undersecretary f...
2020-04-13 00:00:00+00:00
AAL
U.S. government holding firm on airline aid plan, could end up with 3% of American Airlines
By Tracy Rucinski and David Shepardson April 13 (Reuters) - The U.S. Treasury Department is holding firm on the terms of a $25 billion offer for government aid to airlines to help them meet payroll during the coronavirus downturn, officials said on Monday, and the plan could give the government more than 3% of American...
2020-04-13 00:00:00+00:00
AAL
How Bulls and Bears Can Trade American Airlines Stock Now
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The airline industry finds itself at the epicenter of the pandemic maelstrom. With air travel grinding to a halt, shares of major carriers like Delta Airlines (NYSE:DAL) and Southwest (NYSE:LUV) have been decimated. American Airlines (NYSE:AAL) also counts ...
2020-04-13 00:00:00+00:00
AAL
Why Airline Shares Are Falling Today
What happened Airline stocks were under pressure on Monday after weekend reports indicating the U.S. Treasury Department is playing hardball in negotiations over bailout funds. Investors turned optimistic after the $2 trillion economic stimulus plan cleared Congress in late March, but it now appears clear the airlines ...
2020-04-13 00:00:00+00:00
AAL
One-Third of American Airlines Pilots and Flight Attendants Are Taking Leave or Early Retirement
American Airlines Group (NASDAQ: AAL) has cut about 80% of its flights and grounded planes in response to the COVID-19 pandemic-induced travel slowdown. While the company has not yet resorted to layoffs as it manages through the crisis, it will have a significantly smaller headcount in the months to come. American has ...
2020-04-11 00:00:00+00:00
AAL
Airlines want U.S. Treasury to scrap proposal to make some grant money repayable
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, April 11 (Reuters) - Major U.S. airlines were urging Treasury officials and the federal government's outside advisers on Saturday to scrap or revise a proposal that would make part of the $25 billion earmarked by Congress to help keep workers on the payroll rep...
2020-04-10 00:00:00+00:00
AAL
Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money -sources
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, April 10 (Reuters) - U.S. Treasury Secretary Steven Mnuchin told major airlines on Friday he wants them to repay some of the $25 billion in cash grants the U.S. Congress approved last month to cover payroll costs, three industry officials briefed on the matter ...
2020-04-09 00:00:00+00:00
AAL
Why Shares of Airlines Are Soaring Today
What happened Airline stocks are gaining altitude again on Thursday, after Treasury Secretary Steven Mnuchin said assistance for the industry is a top priority, and companies could be hearing from his department by the weekend. Shares of United Airlines Holdings (NASDAQ: UAL) led the way, up 17.6% as of 11 a.m. EDT; sh...
2020-04-09 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Norwegian Cruise Line, Gap Inc, Pluristem Therapeutics, CleanSpark
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governm...
2020-04-09 00:00:00+00:00
AAL
Why Shares of Travel Companies Are Up Today
What happened Shares of travel-related stocks got a boost Thursday on fresh comments that the government was committed to stabilizing the airline sector, and optimism that economic activity could begin to normalize as soon as May. Shares of Sabre (NASDAQ: SABR), which makes most of its money off of the airlines, climbe...
2020-04-09 00:00:00+00:00
AAL
Trump says airlines could receive grant details this weekend; sources say around 275 applied
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, April 9 (Reuters) - U.S. President Donald Trump said on Thursday that airlines could receive details this weekend about the terms of a $32 billion payroll grant to offset the impact of the coronavirus outbreak, which sources told Reuters has received around 275...
2020-04-09 00:00:00+00:00
AAL
Nasdaq 100 Movers: CTXS, UAL
In early trading on Thursday, shares of United Airlines Holdings topped the list of the day's best performing components of the Nasdaq 100 index, trading up 20.3%. Year to date, United Airlines Holdings has lost about 62.4% of its value. And the worst performing Nasdaq 100 component thus far on the day is Citrix System...
2020-04-09 00:00:00+00:00
AAL
Sum Up The Parts: SPHB Could Be Worth $44
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500— High Beta ETF ...
2020-04-09 00:00:00+00:00
AAL
The AAL Paradox: Analysts Bearish But Forecast 69.66% Gains
Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with American Airlines Group Inc (Symbol: AAL). The average 12-month price target for AAL — averaging the work of 9 analysts — reveals an average price target of $19.22/share. That's a whopping 69.66% above where AA...
2020-04-09 00:00:00+00:00
AAL
UAL Stock Remains a Wait-and-See Situation
InvestorPlace - Stock Market News, Stock Advice & Trading Tips United Airlines (NASDAQ:UAL) stock may have reached a bottom. But does that make shares a buy? Not so fast! The legacy carrier isn’t out of the woods yet. The coronavirus from China (COVID-19) continues to materially affect the airline industry. Plus, what’...
2020-04-08 00:00:00+00:00
AAL
Chile's Codelco says copper production, sales hitting targets amid coronavirus outbreak
Adds additional details on measures taken by Codelco, context SANTIAGO, April 8 (Reuters) - Chile state copper miner Codelco, the world´s largest, said on Wednesday its production continued in line with its plans despite the measures it has implemented to stave off the spread of coronavirus at its operations. The compa...
2020-04-08 00:00:00+00:00
AAL
Delta Airlines Stock Has Crashed and Is Now Headed Back Up
InvestorPlace - Stock Market News, Stock Advice & Trading Tips A lot has changed in the last two months for airline stocks. Delta Air Lines (NYSE:DAL) has fallen almost 70% from its January highs. Up until then, it was outperforming its peers United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL). Now, DAL sto...
2020-04-08 00:00:00+00:00
AAL
Why Shares of Airlines and Travel Businesses Are Higher Today
What happened Shares of airlines and the businesses that support the industry have been hit hard by the COVID-19 pandemic, which has caused travel demand to all but evaporate and left airlines scrambling to cut costs. We know the near-term damage to these businesses will be severe, but what we don't know is how long th...
2020-04-07 00:00:00+00:00
AAL
3 Top Stocks to Buy for Spring 2020
InvestorPlace - Stock Market News, Stock Advice & Trading Tips No one is quite sure what to expect in the weeks ahead with the coronavirus. However, spring time still brings investors some options of possible stocks to buy. As the weather outside gets warmer, we wanted to take a quick look at some of the top stocks tha...
2020-04-07 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Activision Blizzard, Gilead Sciences, Royal Caribbean, Kohl's
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the ...
2020-04-07 00:00:00+00:00
AAL
U.S. finalizes minimum service rules for airlines receiving assistance
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO April 7 (Reuters) - The U.S. Transportation Department on Tuesday issued final rules setting minimum service requirements for passenger airlines receiving government financial assistance. The U.S. Treasury Department is currently in talks with airlines about how...
2020-04-07 00:00:00+00:00
AAL
A Better-Equipped Winning Hand for United Airline Stock Buyers
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The markets are flying confidently higher these days. But when it comes to United Airlines (NASDAQ:UAL) and investors willing to ante up on UAL stock, you ought to know exactly where the emergency exit is before potential turbulence hits. Let me explain. So...
2020-04-07 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Royal Caribbean, Kohl's, Gilead Sciences, Electronic Arts
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped at the opening bell on Tuesday, as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown m...
2020-04-07 00:00:00+00:00
AAL
Nasdaq 100 Movers: EA, AAL
In early trading on Tuesday, shares of American Airlines Group topped the list of the day's best performing components of the Nasdaq 100 index, trading up 24.5%. Year to date, American Airlines Group has lost about 58.8% of its value. And the worst performing Nasdaq 100 component thus far on the day is Electronic Arts,...
2020-04-07 00:00:00+00:00
AAL
Why Airline Shares Are Soaring Today
What happened We've been saying for a while now that airline shares are likely to rise and fall based on sentiment about how quickly the COVID-19 coronavirus pandemic will be contained and how severe its impact on the economy will be. Wall Street has adopted an optimistic tone in recent days, and that mood is having an...
2020-04-06 00:00:00+00:00
AAL
Alaska's RavnAir bankruptcy while awaiting govt aid shows regional airlines' challenges
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, April 6 (Reuters) - RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy on Sunday and grounded all of its 72 planes, saying it was clear that government aid would not arrive before it ran out of cash in the midst of an "astonishing" decl...
2020-04-06 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Gilead Sciences, Wayfair, Immunomedics, Akers Bioscience
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was on track to recover about $1 trillion in market value in a furious rally on Monday after a drop in the daily death toll in New York, the cou...
2020-04-06 00:00:00+00:00
AAL
U.S. airlines ease loyalty programs in coronavirus travel slump
By Tracy Rucinski April 6 (Reuters) - U.S. airlines are extendingloyalty program benefits and status into 2021 for members homebound because of the new coronavirus. Business and leisure travel have virtually ground to a halt worldwide, forcing airlines to drastically reduce flying schedules and ground their jets. Befor...
2020-04-06 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Carnival Corp, Capri Holdings, Kohl's, Immunomedics
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was on track to recoup about $1 trillion in market value in a frantic rally on Monday after New York, the biggest U.S. coronavirus hot spot, rep...
2020-04-06 00:00:00+00:00
AAL
Warren Buffett Sells Airline Stocks in An Abrupt Reversal: What Does It Say About the Coronavirus Bear Market?
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has gone from buyer to seller on airline stocks, selling nearly 13 million shares of Delta Air Lines (NYSE: DAL) and 2.3 million shares of Southwest Airlines (NYSE: LUV) in recent days. Airline stocks have been among the hardest hit by the COVID-19 coronavirus pandemic-rel...
2020-04-06 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Kohl's, Carnival Corp, Akers Bioscience, Immunomedics
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was on track to recoup about $1 trillion in market value on Monday in a frantic rally after New York, the biggest U.S. coronavirus hot spot, rep...
2020-04-06 00:00:00+00:00
AAL
Coronavirus slowdown hopes set to boost Wall Street
By Uday Sampath Kumar and Shreyashi Sanyal April 6 (Reuters) - The Dow Jones was set to jump 700 points at the open on Monday after President Donald Trump expressed hope that the coronavirus health crisis was "leveling-off" in some of the hardest-hit U.S. states. Wall Street's main indexes fell more than 1.5% on Friday...
2020-04-06 00:00:00+00:00
AAL
Futures jump on hopes of slowdown in coronavirus cases
By Uday Sampath Kumar April 6 (Reuters) - U.S. stock index futures jumped nearly 4% on Monday after President Donald Trump expressed hope that the coronavirus health crisis was "leveling-off" in some of the hardest-hit U.S. states. New York, the country's biggest hot spot, reported on Sunday that for the first time in ...
2020-04-06 00:00:00+00:00
AAL
Buffett Pulls Back on Airline Stocks, But Don't Fret ... Yet
Berkshire Hathaway (BRK.B) chief Warren Buffett embraced airline stocks in a big way back in 2016, added to his holdings in February and said in March that he "won't be selling airline stocks" even as the industry reeled under the coronavirus-led collapse in air travel. And then Warren Buffett up and sold some airline ...
2020-04-06 00:00:00+00:00
AAL
Why Airline Shares Are Gaining Altitude Today
What happened Airline stocks are flying through turbulence right now, bouncing up and down based on sentiment about how long the COVID-19 pandemic will halt travel and how quickly demand for flights will recover. On Monday, optimism dominated Wall Street, and airlines at least initially got caught in the updraft. Share...
2020-04-05 00:00:00+00:00
AAL
American joins United, others in suspending more NYC flights on coronavirus spike
By Tracy Rucinski April 5 (Reuters) - American Airlines Group Inc AAL.O said late Sunday it would suspend more flights in and out of New York City's three main airports for about a month, joining other airlines that have cut flights to the area following a spike in coronavirus cases. Between April 9 and May 6, American...
2020-04-05 00:00:00+00:00
AAL
Democrats press U.S. Treasury to move quickly on $32 billion aviation grants
By David Shepardson WASHINGTON, April 5 (Reuters) - Top Democrats in Congress on Sunday urged the U.S. Treasury not to set "unreasonable conditions" in awarding $32 billion in cash assistance to airlines and airport contractors and warned that they could be forced to file for bankruptcy if the requirements are too oner...
2020-04-05 00:00:00+00:00
AAL
The Department of Transportation Just Gave Airline Stocks 3 Huge Wins
After President Trump signed the $2 trillion coronavirus relief package into law on March 27, executives from the top passenger airlines like Southwest Airlines (NYSE: LUV), Delta Air Lines (NYSE: DAL), and American Airlines Group (NASDAQ: AAL) probably breathed sighs of relief. After all, the new law gave them $25 bil...
2020-04-05 00:00:00+00:00
AAL
Why I’m Not Surprised Warren Buffett Is Selling His Airline Stocks
After market close on Friday, April 3, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) filed two disclosure forms with the U.S. Securities and Exchange Commission saying the company had sold off 2.3 million shares of Southwest Airlines (NYSE: LUV) for $74 million and nearly 13 million shares of Delta (NYSE: DAL) for $31...
2020-04-04 00:00:00+00:00
AAL
Coronavirus Forces American Airlines to Accelerate Fleet Retirements
The rapid spread of the COVID-19 pandemic over the past several weeks has dealt a massive blow to airlines around the world. In the U.S., traveler throughput at TSA checkpoints has been down more than 90% year over year for more than a week. As the most heavily indebted airline in the country -- and one of the least pr...
2020-04-04 00:00:00+00:00
AAL
Delta Extends eCredits for Canceled Flights for 2 Years
The novel coronavirus has infected nearly 1.1 million people worldwide and claimed more than 58,000 lives. It's a pandemic of tragic proportions; next to the toll it's taken on human health, the damage coronavirus has wreaked on travel plans probably pales in comparison. That still doesn't make unraveling the mess CO...
2020-04-03 00:00:00+00:00
AAL
Look at American Airlines Stock Through a Wider Lens
InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) stock is down over 65% in 2020. But quite frankly every airline in the world is facing the same issue. Demand for their services is essentially zero. And it will be for the foreseeable future. That’s not the headline story for...
2020-04-03 00:00:00+00:00
AAL
Why Airline Shares Are Falling Today
What happened Shares of major airlines continued to be under pressure on Friday as fresh details leaked out about how the COVID-19 coronavirus pandemic has impacted travel demand. The airlines are bleeding cash and looking for ways to cut costs, and increasingly it appears there will be no quick turnaround. Shares of A...
2020-04-03 00:00:00+00:00
AAL
Berkshire Hathaway sells part of Delta, Southwest airline stakes
Adds details of stock sales, background April 3 (Reuters) - Warren Buffett's Berkshire Hathaway Inc BRKa.N said on Friday it sold about 18% of its stake in Delta Air Lines Inc DAL.N and 4% of its holdings in Southwest Airlines Co LUV.N this week, as the coronavirus pandemic drives the airline industry into perhaps its ...
2020-04-03 00:00:00+00:00
AAL
Delta and JetBlue Apply for Bailout Funds
Delta Air Lines (NYSE: DAL) and JetBlue Airways (NASDAQ: JBLU) both said Friday they are applying for federal assistance under the Coronavirus Aid, Relief and Economic Security (CARES) Act, emphasizing the precarious state the airlines are in. Airlines have been hard hit by the COVID-19 pandemic, losing a huge share of...
2020-04-03 00:00:00+00:00
AAL
Warren Buffett's Berkshire Hathaway sells some stake in Delta Air Lines
April 3 (Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc . Berkshire is among the largest investors in the carrier. It is also among the largest shareholders in American Airlines Group Inc , Southwest Airlines Co and United Airlines Holdings Inc . (...
2020-04-03 00:00:00+00:00
AAL
Stock Market Wrap-Up: Will Coronavirus Aid Crush Airline Stocks?
The stock market suffered significant losses on Friday, as coronavirus concerns continued to hurt investor confidence. The Dow Jones Industrial Average (DJINDICES: ^DJI) didn't quite give back all of its gains from Thursday, but market participants seemed reluctant to show much optimism heading into the weekend. Losses...
2020-04-03 00:00:00+00:00
AAL
Friday Sector Laggards: Utilities, Industrial
Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, showing a 4.3% loss. Within that group, American Electric Power Co Inc (Symbol: AEP) and NRG Energy Inc (Symbol: NRG) are two large stocks that are lagging, showing a loss of 7.0% and 6.4%, respecti...
2020-04-03 00:00:00+00:00
AAL
First Week of May 22nd Options Trading For American Airlines Group (AAL)
Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available this week, for the May 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new May 22nd contracts and identified one put and one call contract of particular interest...
2020-04-03 00:00:00+00:00
AAL
U.S. airlines face deadline to apply for U.S. payroll grants
By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, April 3 (Reuters) - U.S. airlines and contractors faced a deadline of 5 p.m. on Friday to tap the federal government for up to $32 billion in payroll grants to help them ride out a dramatic drop in air travel demand due to the new coronavirus outbreak. The U.S....
2020-04-03 00:00:00+00:00
AAL
As the Warmer Months Approach, It’s Time to Buy AAL Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) hasn’t had a great couple months, but I believe there’s reason to take a closer look at AAL stock. Source: GagliardiPhotography / Shutterstock.com As American deaths from the coronavirus tragically rise and many in the media s...
2020-04-03 00:00:00+00:00
AAL
EXCLUSIVE-Chilean copper miners 'considering production cuts' -industry association
By Fabian Cambero SANTIAGO, April 3 (Reuters) - Copper miners in Chile are considering cutting production amid strict measures to contain the spread of the new coronavirus, an association of companies in the sector has told Reuters. A report by the National Mining Society (Sonami), which represents all miners of the re...
2020-04-03 00:00:00+00:00
AAL
Chilean copper miners "considering production cuts" - industry association
By Fabian Cambero SANTIAGO, April 3 (Reuters) - Copper miners in Chile are considering cutting production amid strict measures to contain the spread of the new coronavirus, an association of companies in the sector has told Reuters. A report by the National Mining Society (Sonami), which represents all miners of the re...
2020-04-03 00:00:00+00:00
AAL
3 Extremely Popular Stocks to Avoid Like the Plague in April
To be blunt, the past six weeks haven't been pretty for investors. Fear and uncertainty surrounding the spread of the coronavirus disease 2019 (COVID-19) has squashed equities and sent the stock market tumbling into bear market territory faster than at any point in its long history. With the scope of the economic damag...
2020-04-03 00:00:00+00:00
AAL
U.S. airlines face deadline to apply for federal payroll grants
By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, April 3 (Reuters) - U.S. airlines and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion in payroll grants to keep workers employed while they ride out the economic toll of the coronavirus...
2020-04-02 00:00:00+00:00
AAL
Why Airline Shares Are Falling Today
What happened Airline shares remained under pressure on Thursday, continuing a downward spiral that saw many large companies lose more than one-third of their value in March. Spirit Airlines (NYSE: SAVE) led the march downward on Thursday, falling nearly 10% early in the day, while shares of American Airlines Group (NA...
2020-04-02 00:00:00+00:00
AAL
Why Shares of Major Airlines Lost Altitude in March
What happened Airline stocks have been hit hard by the COVID-19 coronavirus pandemic, which has caused travel demand to plummet and has led to concerns about the industry's ability to navigate through the crisis. Shares of United Airlines Holdings (NASDAQ: UAL) lost 48.8% in March, according to data provided by S&P Glo...
2020-04-01 00:00:00+00:00
AAL
At What Point Is Delta Stock a Screaming Buy?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips There’s no point in delving too deeply into the super obvious, which is that Delta Air Lines (NYSE:DAL) and industry peers have been hammered by the coronavirus. That goes for most of the travel and hospitality space as well. Even after its recent bounce, D...
2020-04-01 00:00:00+00:00
AAL
Why Airline Shares Are Down Today
What happened Shares of airlines are losing altitude again on Wednesday, under pressure following a somber news conference Tuesday night in which President Donald Trump warned of a long, drawn-out battle against the novel coronavirus. Time is of the essence for airlines now that the industry has won government support ...
2020-04-01 00:00:00+00:00
AAL
Nasdaq 100 Movers: UAL, TTWO
In early trading on Wednesday, shares of Take-Two Interactive Software, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.2%. Year to date, Take-Two Interactive Software has lost about 1.0% of its value. And the worst performing Nasdaq 100 component thus far on the day is Uni...
2020-03-31 00:00:00+00:00
AAL
American Airlines Stock Is a Bargain Buy That Will Fly Again
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Global markets are in the throes of the mother of all corrections. Stocks have never fallen so fast, or from such heights. And the airline industry is the poster child for this shake up of global economies. Airline stocks like American Airlines (NYSE:AAL) w...
2020-03-31 00:00:00+00:00
AAL
Why Shares of Airlines Are Climbing Today
What happened Investors in airline stocks continue to waver on the industry following the passage of a $2 trillion economic stimulus bill that includes $50 billion for passenger carriers. The stocks rallied last week but were down on Monday, only to bounce back Tuesday as more details trickle out about how the airlines...
2020-03-31 00:00:00+00:00
AAL
Should the Government Bail Out Boeing and the Airlines?
In this episode of Industry Focus: Energy, Nick Sciple and Motley Fool contributor Lou Whiteman focus on the government bailout for the aerospace industry in general, and particularly, on Boeing (NYSE: BA). The airlines have been one of the industries most affected by this current pandemic, with major routes suspended ...
2020-03-31 00:00:00+00:00
AAL
American Airlines Says No Change Fee For Tickets Bought By April 30
(RTTNews) - American Airlines Group has extended its offer to waive change fees for customers who purchase travel tickets through April 30, in response to lower travel demand due to the coronavirus or COVID-19 pandemic. The airline had earlier waived change fees for customers who purchased tickets through April 15. Ame...
2020-03-31 00:00:00+00:00
AAL
Can the Rally of United Airlines Stock Last?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips After plunging from $89 to $21 as of earlier this month, United Airlines (NYSE:UAL) stock has gone on to stage an impressive rally. As of today, the shares are trading just shy of $33. Other airlines like American (NYSE:AAL), Delta (NYSE:DAL), and Southwest...
2020-03-31 00:00:00+00:00
AAL
American Airlines to Seek $12 Billion in Government Assistance
American Airlines Group (NASDAQ: AAL) reportedly intends to seek up to $12 billion in government aid through the recently passed relief legislation, enough to prevent layoffs or pay cuts for at least six months. American is seen as the major airline that's most vulnerable to an extended downturn because of its industry...
2020-03-30 00:00:00+00:00
AAL
Nasdaq 100 Movers: AAL, VRTX
In early trading on Monday, shares of Vertex Pharmaceuticals, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 5.8%. Year to date, Vertex Pharmaceuticals registers a 4.9% gain. And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group, tradin...
2020-03-30 00:00:00+00:00
AAL
Will the Rescue Package Help American Airlines Stock Reach Its Recent Highs?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The adverse economic impact of the COVID-19 outbreak is being felt by many industries and shares, including the American Airlines (NASDAQ:AAL) stock price. Year-to-date AAL stock is down more than 51% while the S&P 500 index is off 18.6%. Source: GagliardiP...
2020-03-29 00:00:00+00:00
AAL
Will Warren Buffett Buy an Airline? Or Is He Looking to Sell?
In late 2016, investors were shocked to learn that Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) had invested in the four largest U.S. airlines: American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines (NASDAQ: UAL), and Southwest Airlines (NYSE: LUV). True, the U.S. airline indus...
2020-03-27 00:00:00+00:00
AAL
American Airlines Sees Situation Getting Worse, Not Better
In response to diminished demand for air travel in the age of coronavirus, on March 10, American Airlines (NASDAQ: AAL) announced that it will reduce domestic capacity (i.e. the number of seats it has available for reservation, and by extension, the number of flights it will operate) by 7.5%. International flights woul...
2020-03-27 00:00:00+00:00
AAL
Stock Market Wrap-Up: With Coronavirus Relief, Will the U.S. Government Become Airline Shareholders?
Friday was a down day for the stock market, as investors followed the usual adage of buying the lead-up to the passage of the coronavirus stimulus bill and then selling its actually becoming law. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) came into the day with a three-day winn...
2020-03-27 00:00:00+00:00
AAL
Why Airline Stocks Are Falling Today
What happened Airline stocks took a breather on Friday after three straight days of steady gains. The industry's outlook is much stronger now than it was a week ago thanks to the $2 trillion economic relief package making its way through Congress, but business conditions figure to be under pressure for some time to com...
2020-03-27 00:00:00+00:00
AAL
Despite Stimulus, Uncertainty Remains for Grounded American Airlines Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips What’s the play with American Airlines (NASDAQ:AAL) stock? Down more than 50% in a month, shares could be a great contrarian buy. Especially if the economic fallout from the coronavirus from China proves less dire than predicted. Source: GagliardiPhotograph...
2020-03-27 00:00:00+00:00
AAL
First Week of AAL November 20th Options Trading
Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available this week, for the November 20th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly available contracts represent a poten...
2020-03-26 00:00:00+00:00
AAL
Trade Association Decries "Bottlenecks;" Airlines Use Passenger Planes to Move Vital Cargo
The International Air Transport Association (IATA), trade association for the world's airlines, is calling on governments to take action to ensure air cargo flows smoothly and efficiently to help the fight against the spread of COVID-19. Alexandre de Juniac, IATA's director general and CEO, specifically pointed out bu...
2020-03-26 00:00:00+00:00
AAL
Why Airline Shares Are Up Today
What happened Shares of airlines on Thursday traded up for the third straight day as investors continue to applaud the $2 trillion economic relief package making its way through Congress. Airlines are set to receive about $50 billion in aid as part of the package, which hopefully will be enough to get them through the ...
2020-03-26 00:00:00+00:00
AAL
Southwest Stock Is the Only Safe Bet in the Turbulent Airline Sector
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Can it get any worse for airlines? The industry is facing its worst crisis since the 9/11 attacks. The coronavirus from China has caused the global economy to come to a grinding halt. And international borders are shutting down as well; a vast number of cou...
2020-03-26 00:00:00+00:00
AAL
Why It Looks Like GE Stock Can Easily Rally 50% From Here
InvestorPlace - Stock Market News, Stock Advice & Trading Tips General Electric (NYSE:GE) has been crushed, but under the circumstances, who can be surprised? From peak to trough, GE stock is down 55% from its February highs. Source: Carsten Reisinger / Shutterstock.com There’s a trifecta of concerns weighing on Genera...
2020-03-25 00:00:00+00:00
AAL
Why Shares of Airlines Are Soaring Today
What happened Airline stocks were gaining altitude on Wednesday after the White House and Congress overnight announced a deal on a $2 trillion stimulus package. The deal includes $50 billion for U.S. passenger and cargo airlines, which should help the companies weather the severe travel slowdown caused by the COVID-19 ...
2020-03-25 00:00:00+00:00
AAL
Southwest Airlines Stock Rips 11% — Now What?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airlines have been devastated by the coronavirus. Down “just” 34.9% from its one-year highs though, and Southwest Airlines (NYSE:LUV) hasn’t performed all that bad. In fact, LUV stock is outperforming all of its major peers. Source: Jeramey Lende / Shutters...
2020-03-25 00:00:00+00:00
AAL
Dividend Investors: Is Coronavirus Stimulus the Next Shoe to Drop?
The stock market has seen immense volatility lately, as investors try to figure out what impact the coronavirus pandemic will have on various parts of the economy. Already, the airline industry has come to a near standstill in response to the restrictions that national governments have put on international travel and t...
2020-03-25 00:00:00+00:00
AAL
Carnival Stock Is Caught in the Perfect Storm of Volatility
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The face of this historic stock market crash is perhaps the cruise line industry. So it’s not a surprise to see Carnival Corporation (NYSE:CCL) stock fall almost 90% from its highs. In January CCL stock was $52 and at the lows of last week it was under $8 p...
2020-03-25 00:00:00+00:00
AAL
"Airlines" Didn't Waste All Their Cash Flow on Share Buybacks: American Airlines Did
Last Monday, Bloomberg reported that the top five U.S. airlines -- American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), and Alaska Air -- spent a whopping 96% of their free cash flow (FCF) on share buybacks over the past decade. Numerous other medi...
2020-03-24 00:00:00+00:00
AAL
Blood in the Street Provides Turbulent Opportunity in American Airlines
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Right now, airline stocks look like horror movie extras after being slashed by coronavirus fears. Source: GagliardiPhotography / Shutterstock.com Since peaking at $30.78 in Feb. 2020, American Airlines (NASDAQ:AAL) is now down to $11.25. Delta Air Lines (NY...
2020-03-24 00:00:00+00:00
AAL
Will American Airlines Stock Fall More Than 50% to $5?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks have been hammered, which is no surprise under the circumstances. The coronavirus from China dealt a painful blow to the stock market, and the airlines industry in particular. American Airlines (NASDAQ:AAL) hasn’t been an exception to that pa...
2020-03-24 00:00:00+00:00
AAL
Is Now the Time to Buy United Airlines Stock?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips What a difference a few months can make. Three months ago, United Airlines (NASDAQ:UAL) was flying high. At the start of December, UAL stock was trading near the $92 level, just $5 off its all-time record highs. Then the coronavirus from China struck. With ...
2020-03-24 00:00:00+00:00
AAL
Tuesday Sector Leaders: Services, Industrial
The best performing sector as of midday Tuesday is the Services sector, higher by 9.4%. Within that group, L Brands, Inc (Symbol: LB) and MGM Resorts International (Symbol: MGM) are two large stocks leading the way, showing a gain of 32.3% and 28.0%, respectively. Among the largest ETFs, one ETF closely following servi...
2020-03-24 00:00:00+00:00
AAL
Nasdaq 100 Movers: REGN, UAL
In early trading on Tuesday, shares of United Airlines Holdings topped the list of the day's best performing components of the Nasdaq 100 index, trading up 17.8%. Year to date, United Airlines Holdings has lost about 64.9% of its value. And the worst performing Nasdaq 100 component thus far on the day is Regeneron Phar...
2020-03-24 00:00:00+00:00
AAL
Why Shares of Airlines Are Soaring Today
What happened Airline stocks have been stuck on the tarmac for the last week or so, with investors waiting to find out if the industry would get the $50 billion in government assistance it has requested to help deal with the COVID-19 coronavirus travel slump. After days of uncertainty, Washington lawmakers today appear...
2020-03-24 00:00:00+00:00
AAL
A Bet on AAL Stock Is a Bet on American Airlines’ Survival
InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you believe the government is coming to bail out American Airlines (NASDAQ:AAL), now is a great day to buy it. Source: GagliardiPhotography / Shutterstock.com At its March 23 opening price of $11 per share, American is worth just $4.3 billion. It had rev...
2020-03-23 00:00:00+00:00
AAL
Is This the End of Stock Buybacks?
Major U.S. airlines -- American (NASDAQ: AAL), Delta (NYSE: DAL), United (NASDAQ: UAL), and Southwest (NYSE: LUV) -- are drastically cutting flights. In the age of coronavirus, this isn't surprising. They're also asking for a bailout. It started with a request for $50 billion from the federal government. That number ha...
2020-03-23 00:00:00+00:00
AAL
Goldman Sachs: 2 Stocks to Consider Buying (and 1 to Stay Away From)
As the battle against COVID-19 wages on, investors are seeking refuge. Nations around the world are taking drastic measures to flatten the curve, but these efforts are expected to hit the economy hard. Amid the ongoing public health crisis, even the most seasoned Wall Street observers have been spooked. Three months af...
2020-03-23 00:00:00+00:00
AAL
Even After the Recent Sell-Off, You Should Still Avoid These Airline Stocks Right Now
The rapidly spreading COVID-19 pandemic has wreaked havoc on the airline industry over the past month. In recent weeks, the leaders of virtually every major U.S. airline have warned that booking activity has plunged to negligible levels. Some airlines are projecting revenue declines of 80% or more for the second quarte...
2020-03-22 00:00:00+00:00
AAL
Fitch Cuts American Airlines Rating to ‘B+’, Revises Outlook to Negative
Fitch Ratings lowered American Airlines Group Inc’s (AAL) rating to ‘B+’ from ‘BB-‘ and revised the company’s outlook to negative from stable, due to the steep plunge in passenger numbers since the coronavirus spread outside of China. Additional debt raised to bolster liquidity, higher leverage, and reduced financial ...
2020-03-22 00:00:00+00:00
AAL
Emirates Suspends Most Passenger Operations Amid Coronavirus Outbreak
(RTTNews) - Emirates Group said it temporarily suspends most passenger operations by 25 March, but it retains cargo operations, in response to lower travel demand due to coronavirus. HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Group said, "The world has literally gone into quarantine ...
2020-03-20 00:00:00+00:00
AAL
Critics Attack Airline Buybacks as Executives Seek Coronavirus Bailout: Here's What They're Missing
The airline industry has been hard hit by the COVID-19 pandemic, which globally is expected to cost the carriers more than $100 billion in lost revenue. The transportation grid has come to a near halt: Flights are cancelled, vacations are on hold, and businesses are banning travel. In response, airlines are seeking gov...
2020-03-20 00:00:00+00:00
AAL
Why Airline Shares Climbed, and Then Fell, on Friday
What happened Shares of U.S. commercial airlines soared in initial trading Friday morning -- with United Airlines Holdings (NASDAQ: UAL) briefly up 44% and the rest of the carriers all up double digits -- before giving up much of those gains as the day went on. The industry, and its investors, are currently focused on ...
2020-03-20 00:00:00+00:00
AAL
Private Jet Industry Requests Coronavirus Relief Despite Reports of Booming Business
As Congress considers a coronavirus relief funding package for commercial airlines like American Airlines Group (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL), private jet operators are hoping to get in on the action. The National Business Aviation Association, a group representing the private and corporate jet industry...
2020-03-20 00:00:00+00:00
AAL
When the All-Clear Sounds, LUV Stock Should Be Your First Buy
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The chart of Southwest Air (NYSE:LUV) looks like a disaster until you compare it with those of other airlines. Since the start of the year LUV stock is down by 35%. It opens for trade March 20 at a little more than $30. One month ago, it cost $57. Source: m...
2020-03-20 00:00:00+00:00
AAL
Investors Can Do Better Than GE Stock in This Market
InvestorPlace - Stock Market News, Stock Advice & Trading Tips History suggests that General Electric (NYSE:GE) stock is a buy here. As I write this, General Electric stock trades at $6.60. The stock has bottomed at those levels before. Source: testing / Shutterstock.com During the financial crisis, in March 2009, GE s...