Previous close | 1.4000 |
Open | 1.2900 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 11.00 |
Expiry date | 2024-09-20 |
Day's range | 1.2900 - 1.4000 |
Contract range | N/A |
Volume | |
Open interest | N/A |
American Airlines (AAL) closed at $11.62 in the latest trading session, marking a +1.04% move from the prior day.
The Federal Aviation Administration (FAA) said on Wednesday it is again extending cuts to minimum flight requirements at congested New York City-area airports through October 2025, citing air traffic controller staffing shortages. The FAA said the number of controllers handling traffic in New York is insufficient for normal traffic levels and that without "increased flexibility," congestion, delays, and cancellations are likely at JFK, LaGuardia and Newark airports. Airlines for America (A4A), the trade group representing American Airlines, Delta Air Lines, United Airlines and Southwest Airlines, in April asked the FAA to extend the cuts, citing the controller shortage.
The Association of Professional Flight Attendants (APFA), which represents over 23,000 American flight attendants, said on Wednesday that it unanimously rejects the latest proposal from American Airlines. The airline had offered its flights attendants immediate wage increases of 17% and a new formula for higher profit sharing in 2024 in their new contracts, CEO Robert Isom said earlier in the day. The union said the latest offer of a raise comes without reaching an agreement on a complete contract, adding that "American Airlines Flight Attendants want and need a complete contract addressing all our concerns."