|Bid||30.65 x 1100|
|Ask||31.82 x 4000|
|Day's range||31.13 - 31.64|
|52-week range||28.81 - 45.82|
|Beta (3Y monthly)||1.81|
|PE ratio (TTM)||10.04|
|Earnings date||24 Jul 2019 - 29 Jul 2019|
|Forward dividend & yield||0.40 (1.26%)|
|1y target est||42.22|
Southwest Airlines Co's mechanics union said on Tuesday its members had overwhelmingly voted to ratify a tentative contract agreement with the airline, ending seven years of labor negotiations fraught with legal disputes and flight disruptions. The agreement, which brought to a close one of the most disruptive labor disputes to hit a top-four U.S. airline in more than a decade, came a day after rival U.S. carrier American Airlines Group Inc said it was filing a labor-related lawsuit against its mechanics. Mechanics at both American and Southwest have complained that the airlines are moving to outsource maintenance work that has traditionally been done in-house.
FORT WORTH, Texas (AP) — American Airlines says it's cutting the cost of checking oversized sporting gear and musical instruments on flights.
American Airlines has delayed plans to redesign its cabins and add more capacity to the U.S. market, due to issues with unionized workers. The cabin upgrade, known internally as Project Oasis, will bring the number of seats on its narrow-body aircraft up to 172 from 160 in order to improve unit costs. But so far, […] The post American Blames Delay in Adding More Seats to Jets on Union Woes appeared first on Skift.
American Airlines Fell ~3% after Morgan Stanley Lowered Rating(Continued from Prior Part)AAL underperformed broader marketAmerican Airlines (AAL) stock has had a rough ride this year so far. The stock has lost 3.6% of its value YTD and has
American Airlines Fell ~3% after Morgan Stanley Lowered RatingRating downgradeAmerican Airlines (AAL) stock fell nearly 3% on May 20 after Morgan Stanley (MS) downgraded the stock to “underweight” from “equal-weight” and trimmed the target
Delta Air Lines tentatively received enough route authorities at Haneda Airport to move all of its Tokyo flights to the city's most convenient and popular airport.
American Airlines Group Inc has filed a lawsuit against two unions representing its mechanics, asking the court to halt what it called an illegal slowdown that it said on Monday threatened to disrupt U.S. summer travel. The lawsuit, filed in the Northern District of Texas federal court, accuses the mechanics unions of directing a slowdown aimed at disrupting operations to improve their position in labor talks, which began in 2015. American, the world's largest airline by passenger traffic, said the mechanics' action had intensified in recent weeks after causing 650 flight cancellations and more than 1,500 maintenance delays since February.
American Airlines is accusing its mechanics and their unions of conducting an illegal work slowdown to gain leverage in contract talks, and the airline is asking a federal judge to stop the activity.
FORT WORTH, Texas (AP) — American Airlines is accusing its mechanics and their unions of conducting an illegal work slowdown to gain leverage in contract talks, and the airline is asking a federal judge to stop the activity.
Shares of American Airlines Group Inc. drop to help pace the declines in the airline sector, after Morgan Stanley turned bearish, saying a “cost reset” may be necessary.
In the event of carriers gaining final approval for additional flights to Haneda, their top lines are likely to be driven by significant traffic on the routes.
Anglo American Platinum is contemplating the sale of its Bokoni and Twickenham mines in South Africa, a move which would mostly complete the group's divestment strategy, its chief executive told Reuters. The precious metals producer has sold many of its mines as it pivots from the labour-intensive methods that have defined South African platinum mining to more mechanised operations, but struggled to dispose of loss-making Bokoni. Higher prices for the basket of precious metals sold by South African miners and a weaker rand currency have improved operating conditions for companies struggling to make profits.
Once global regulators clear Boeing Co's 737 MAX to fly again after deadly crashes, airlines which have put their fleets into mechanical hibernation since March will scramble to begin the biggest ungrounding effort in history. Quickly reintegrating Boeing's 737 MAX, a fast-selling model because of its fuel efficiency, longer range, and passenger capacity, is crucial for optimising airlines' routes and improving margins after having to cancel thousands of flights. International regulators are meeting on May 23 to review Boeing software and training plans, though doubts remain over how quickly foreign authorities will clear new flights.
The planemaker said it was in the process of submitting a plan on pilot training to the U.S. Federal Aviation Administration (FAA) and would work with the regulator to schedule its certification test flight. The FAA is planning a meeting on May 23 in Fort Worth, Texas, with regulators from around the world to update them on reviews of Boeing's software fix and on pilot training. Aviation regulators from other countries will have to assess Boeing's proposed fixes and clear the aircraft to fly in other regions independently of the FAA.
Stocks rose as investors weighted new headlines with potential implications in the ongoing U.S.-China trade negotiations against stronger-than-expected results from several major Dow components.
LONDON/WINDHOEK, May 16 (Reuters) - Anglo American on Thursday said its De Beers subsidiary was investing in a $468 million new offshore diamond mining ship to mine for diamonds off the coast of Namibia, with the capacity to add 500,000 carats of annual production from 2022. The vessel is a joint venture between De Beers and the government of Namibia, which is keen to encourage foreign investment in mining as a mainstay of the economy. The ship will be the seventh in the Debmarine Namibia joint venture's fleet that mines the country's high-quality diamonds from the ocean floor using hi-tech surveying equipment.
The Federal Aviation Authority expects Boeing (BA) to formally submit an application next week for a software update to the 737 Max 8.
Pilots stressed that they were the “last line of defense to being in that smoking hole,” according to a new recording obtained by CBS News.
Airlines are squarely in the crosshairs on climate change given their dependence on fossil fuels. But one analyst says the companies are taking steps to cut emissions—and that could help profits, too.
NEW YORK/CHICAGO (Reuters) - U.S. fliers still consider ticket prices the most important factor when choosing a flight, according to a Reuters/Ipsos poll, suggesting two fatal crashes of Boeing Co 737 MAX jets have had little impact on consumer sentiment. In the public opinion poll released May 15, only about half of U.S. adults say they are familiar with the airplane crashes in Indonesia and Ethiopia that together killed 346 people, and only 43% could identify the Boeing 737 MAX as the aircraft involved. Most importantly for Boeing in the wake of the crashes, only 3% said that aircraft maker or model number was most important to them when buying a plane ticket.
Weeks after the first fatal crash involving a Boeing Co. 737 Max, American Airlines Group Inc. pilots pressed Boeing executives for a fix, but the executives said they didn't want to rush it even as a Boeing official acknowledged that the company was assessing potential design issues with the plane, according to a report by The New York Times on Tuesday that cited the recording of a November meeting reviewed by the newspaper. Boeing declined to comment on the meeting, the newspaper said. American Airlines issued a statement saying that the 737 Max's software fix as well as new training will lead to a recertification of the plane "soon," according to the report. The 737 Max family has been grounded since March following a second fatal crash in Ethiopia connected to an anti-stall feature on the jets. A report earlier this week on The Wall Street Journal said that the jets are likely to remain grounded at least through mid-August. Shares of Boeing closed 1.7% higher on Tuesdayafter closing at a four-month low on Monday.
South Africa's Kumba Iron Ore Ltd said on Tuesday first-half headline earnings is expected to rise at least 160 percent, boosted by higher iron ore export prices and a weaker rand/U.S. dollar exchange rate. The company, a unit of Anglo American Plc, said headline earnings per share is expected to increase by at least 14.9 rand in the six months ending June 30, from 9.31 rand a year earlier. Headline EPS is the primary profit measure in South Africa, and strips out certain one-off items.
Both (AAL) (ticker: AAL) and United Continental (UAL) have trailed the market this year, although analysts think both stocks deserve a second look. The entire airline industry has been dominated by uncertainty surrounding of the grounding of (BA)’s (BA) 737 MAX jets, which has disproportionately affected American. On Monday, Bank of America Merrill Lynch’s Andrew Didora reiterated a Buy rating and $94 price target on United, after a meeting last week with management bolstered his bull thesis on the shares.