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American Airlines (AAL) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-09-19 07:20
In the latest market close, American Airlines (AAL) reached $11.03, with a -1.25% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.31%.The the stock of world's largest airline has risen by 8.55% in the past month, leading the Transportation sector's gain of 4.32% and the S&P 500's gain of 1.57%.The upcoming earnings release of American Airlines will be of great interest to investo ...
American Airlines' Five-Year Contract With Flight Attendants Ratified
ZACKS· 2024-09-18 01:50
American Airlines (AAL) received encouraging tidings on the labor front when the Association of Professional Flight Attendants or APFA announced that flight attendants of the airline have ratified a new five-year contract, increasing the value of their current agreement by $4.2 billion.With 95% of eligible flight attendants casting their votes, 87% of American Airlines flight attendants voted in favor of the contract, which takes effect from Oct. 1, 2024. This contract represents a significant milestone for ...
AAL to Exit S&P 500: How Should Investors Play the Stock Now?
ZACKS· 2024-09-18 00:51
American Airlines (AAL) will cease to be a member of the S&P 500 from Sept. 23. After exiting the coveted index, the airline become part of the S&P MidCap 400 index. The change is part of the S&P 500 index’s quarterly adjustment process and reflects AAL’s overall loss of market capitalization over time. AAL's market capitalization, as of Sept. 16, 2024, was $7.1 billion, down drastically from around $37 billion in December 2014. Post Sept. 23, only three airline stocks will remain in the S&P 500 index — Del ...
The Gross Law Firm Notifies Shareholders of American Airlines Group Inc.(AAL) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2024-09-16 17:45
NEW YORK, Sept. 16, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of American Airlines Group Inc. (NASDAQ: AAL).Shareholders who purchased shares of AAL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/american-airlines-loss-submission-form/?id=102403&from=4CLASS PERIOD: July 20 ...
American Airlines: Look Past S&P 500 Exit
Seeking Alpha· 2024-09-14 04:55
honglouwawa As with the other airlines, American Airlines Group Inc. (NASDAQ:AAL) can't appear to catch a break. The stock is being stripped from the S&P 500 index just as airlines are confirming a rebuild in Q3 profits as capacity reductions are boosting numbers. My investment thesis remains ultra-bullish on the airline stock still trading near the COVID lows. Source: Finviz S&P 500 Removal In the upcoming quarterly rebalance, S&P Dow Jones Indices will remove American Airlines from the S&P 500. The airlin ...
Here's Why Investors Should Retain American Airlines Stock Now
ZACKS· 2024-09-14 00:20
American Airlines’ (AAL) efforts to expand and enhance its global network are commendable. The company’s proactive initiative to create 500 new aviation jobs is serving well for the company and the economy. However, AAL has been grappling with soft market conditions and increased operating costs.Factors Favoring AALAmerican Airlines' initiative to create nearly 500 new aviation maintenance jobs and expand heavy check maintenance work at its bases in Charlotte, NC; Pittsburgh, PA, and Tulsa, OK, represents a ...
Faruqi & Faruqi Reminds American Airlines Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 16, 2024 - AAL
GlobeNewswire News Room· 2024-09-13 22:06
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In American Airlines To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 investing in American Airlines stock or options between January 25, 2024 and May 28, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional ...
American Airlines flight attendants ratify new contract with immediate raises topping 20%
CNBC· 2024-09-13 01:27
Julie Hedrick, president of the Association of Professional Flight Attendants (APFA), right, announces a strike authorization outside Dallas-Fort Worth International Airport (DFW) near Dallas, Texas, on Wednesday, Aug. 30, 2023.American Airlines flight attendants approved a five-year labor deal, ending one of the industry's most contentious contract negotiations and giving cabin crews more than 20% raises at the start of October.Eighty-seven percent of the American Airlines flight attendants who voted appro ...
American Airlines: Too Cheap To Ignore
Seeking Alpha· 2024-09-13 00:45
Kevin Porter Introduction I had a bullish opinion on American Airlines (NASDAQ:AAL) in my previous article. At the time, I cited a continued strong travel demand, the company's relatively young fleet portfolio, and the company's revised loyalty program as reasoning for my bullish thesis. While American Airline's stock has seen a significant decline since the previous publication due to its missteps and market challenges, I continue to stand by my thesis on the company. The demand environment continues t ...
AAL Deadline in 4 Days: Kessler Topaz Meltzer & Check, LLP Reminds American Airlines Group Inc. (AAL) Investors of Filing Deadline in Class Action Lawsuit
Prnewswire· 2024-09-13 00:00
RADNOR, Pa., Sept. 12, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been against American Airlines Group Inc. ("American Airlines") (NASDAQ:  AAL) on behalf of investors who purchased or acquired American Airlines's securities between July 20, 2023 and May 28, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is September 16, 2024.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered ...