FORT WORTH, Texas, July 02, 2024 (GLOBE NEWSWIRE) -- American Airlines released its 2023 Sustainability Report today, documenting its work to advance the company’s strategy to address climate change and accelerate the broader solutions needed to decarbonize aviation, and sharing progress on other issues important to the company and its stakeholders — including safety, human capital and customer experience. Key progress in 2023 includes American’s collaboration with Breakthrough Energy and Google Research on ...

FORT WORTH, Texas and EVERETT, Wash., July 02, 2024 (GLOBE NEWSWIRE) -- American Airlines today announced that it has entered into a conditional purchase agreement with clean aviation innovator ZeroAvia for 100 hydrogen-electric engines intended to power regional jet aircraft with zero inflight emissions save for water vapor. In addition, American has increased its investment in ZeroAvia. American made its first investment in ZeroAvia in 2022 and has also now participated in the company's Series C financing ...

Given the International Air Transport Association’s (IATA) upbeat profitability forecast, now’s an excellent time to consider investing in airline stocks.IATA recently upped its profitability projections for airliners this year, ahead of previous forecasts. This includes net profits jumping to $30.5 billion with a 3.1% net profit margin, up from $27.4 billion last year. Moreover, the number of travelers is projected to hit an all-time high of 4.96 billion.What’s encouraging is that airlines continue to impr ...

Use weakness in airline stocks to buy on the dip as a buying opportunity.For one, most grounded airline stocks are technically oversold at support, which we can walk through in just a month. About five billion people are expected to fly this year, which could result in another record year for the sector. And three, according to the International Air Transport Association (IATA), 2014 revenue could reach $996 billion this year.In addition, the latest inflation report showed that airfares are dropping, which ...

NEW YORK, June 26, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of American Airlines Group Inc. (NASDAQ: AAL) resulting from allegations that American Airlines may have issued materially misleading business information to the investing public.So what: If you purchased American Airlines securities you may be entitled to compensation without payment of any out of pocket fees or costs through a c ...

The stocks of some great companies are on sale right now. Well-known businesses and top brands have stocks deep in the red this year despite all three U.S. stock indices trading near all-time highs. With the current rally in equities concentrated in only a few names, many stocks have been left behind.For investors, particularly those with long time horizons, the current situation presents a buying opportunity. A lot of great stocks are down substantially right now, trading near 52-week lows and at ultra-che ...

American Airlines’ (AAL) robust air travel demand is boosting its top line. The company’s efforts to expand and upgrade its fleet are commendable. However, high operating costs, driven by a surge in labor and fuel costs, are hindering American Airlines’ bottom line.Factors Favoring AALStrong air travel demand, particularly on the domestic front, is boosting AAL’s top line. In the first quarter of 2024, consolidated traffic (measured in revenue passenger miles) rose by 10.5% year over year, reflecting this b ...

The Association of Professional Flight Attendants, which represents 28,000 flight attendants, said it is "one step closer to a strike" after ongoing contract talks with American Airlines ended Thursday without an agreement. Union president Julie Hedrick, who is also a career flight attendant, said in a statement that the airline "did not come to the table" with an adequate compensation agreement "after years of bargaining, including almost a year of mediated talks" with the National Mediation Board."Flight ...

A union representing flight attendants for American Airlines Group said on Thursday that the latest round of talks with the carrier did not lead to an agreement this week.The Association of Professional Flight Attendants (APFA), which represents about 28,000 American Airlines flight attendants, said it has moved closer to a strike as the airline did not present a favorable agreement.The airline’s flight attendants, however, cannot walk off the job until the National Mediation Board (NMB) grants them permiss ...

American Airlines (AAL) ended the recent trading session at $11.44, demonstrating a +1.42% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.77%. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.95%.Shares of the world's largest airline have depreciated by 23.42% over the course of the past month, underperforming the Transportation sector's loss of 5.79% and the S&P 500's gain of 3.71%.T ...