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MarketScreener Homepage  >  Equities  >  Nasdaq  >  American Airlines Group    AAL

AMERICAN AIRLINES GROUP

(AAL)
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American Airlines : Increases International Presence, Makes First Entrance into Africa; Airline expands global network with flights to Casablanca, Tel Aviv and Krakow beginning next summer

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08/09/2019 | 07:27am EDT

FORT WORTH, Texas - American Airlines has the cure for the end-of-summer blues: new routes for next summer. Today, American unveiled its summer 2020 international schedule, which includes the following new service:

Philadelphia (PHL) to Casablanca, Morocco (CMN) begins June 4

Dallas-Fort Worth (DFW) to Tel Aviv, Israel (TLV) begins Sept. 9

Chicago (ORD) to Krakow, Poland (KRK) begins May 7

ORD to Budapest, Hungary (BUD) begins May 7

ORD to Prague, Czech Republic (PRG) begins May 8

Furthering frontiers: Africa

When American begins service to Morocco next year, it will be the airline's first entrance into the African continent. American will be the only U.S. carrier with nonstop service to Casablanca, which will be operated three times per week on a Boeing 757.

'Our customers and team members have been asking when we're going to start service to Africa, and I couldn't be more pleased to make this announcement for service beginning in 2020,' said Vasu Raja, American's Vice President of Network and Schedule Planning. 'We look forward to working with Royal Air Maroc when they join oneworld in January, which will allow for even more connections further into Africa to places like Marrakech, Lagos and Accra. This is only the beginning.'

Returning to Tel Aviv

As demand continues to grow between the U.S. and TLV, American is adding three weekly flights from DFW, its largest hub. These flights will serve customers throughout the U.S. and allow many customers to make only one stop, rather than the previous two stops that were available, to TLV. And as the tech industry continues to grow in the market, American will provide the most efficient routing to U.S. tech cities like Austin, Texas, and San Jose, California, in addition to one-stop service to 33 new cities in the U.S.

Expansion in Eastern Europe

American's Midwest hub, ORD, has seen significant growth and now offers more domestic and international seats today than it has in more than a decade. Next summer, the growth continues with three new destinations in Eastern Europe, including American's first flight to KRK and new service to PRG and BUD, which American began flying to seasonally from PHL in 2018. American will offer the most premium seats to Eastern Europe of all U.S. carriers next summer, as all of the new flights will be operated by a Boeing 787-8, featuring 20 Flagship Business seats and 28 Premium Economy seats.

'There's strong local demand to Eastern Europe in Chicago, and it's important that we provide more service for our customers to visit family and friends or explore a new part of the world,' said Raja. 'Chicago has been a great example of trying new things with our network, like seasonal service to Athens that launched earlier this year, and when customers take advantage, it allows us the opportunity to keep growing.'

American will be the only U.S. carrier providing service to KRK, BUD and PRG from ORD.

New flights will be available for purchase Aug. 12, with the exception of TLV, which will be available for purchase Oct. 10.

Hub	City	Airport Code	Frequency	Aircraft	Season
DFW	Tel Aviv, Israel	TLV	3x/week	787-9	Year-round, starting

Sept. 9, 2020

PHL	Casablanca, Morocco	CMN	3x/week	757	June 4-Sept. 8
ORD	Krakow, Poland	KRK	5x/week	787-8	May 7-Oct. 23
Prague, Czech Republic	PRG	5x/week	787-8	May 8-Oct. 24
Budapest, Hungary	BUD	4x/week	787-8	May 7-Oct. 24

All routes subject to government approval.

About American Airlines Group

American Airlines offers customers 6,800 daily flights to more than 365 destinations in 61 countries from its hubs in Charlotte, Chicago, Dallas-Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. With a shared purpose of caring for people on life's journey, American's 130,000 global team members serve more than 200 million customers annually. Since 2013, American has invested more than $28 billion in its product and people and now flies the youngest fleet among U.S. network carriers, equipped with industry-leading high-speed Wi-Fi, lie-flat seats, and more inflight entertainment and access to power. American also has enhanced food and beverage options in the air and on the ground in its world-class Admirals Club and Flagship lounges. American was recently named a Five Star Global Airline by the Airline Passenger Experience Association and Airline of the Year by Air Transport World. American is a founding member of oneworld, whose members serve 1,100 destinations in 180 countries and territories. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company's stock is included in the S&P 500. Learn more about what's happening at American by visiting news.aa.com and connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.

Corporate Communications

817-967-1577

mediarelations@aa.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 46 042 M
EBIT 2019 3 687 M
Net income 2019 2 089 M
Debt 2019 24 730 M
Yield 2019 1,43%
P/E ratio 2019 6,24x
P/E ratio 2020 4,83x
EV / Sales2019 0,81x
EV / Sales2020 0,75x
Capitalization 12 753 M
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William Douglas Parker Chairman & Chief Executive Officer
Robert D. Isom President
Derek J. Kerr Chief Financial & Accounting Officer, Executive VP
Maya Leibman Chief Information Officer & Executive VP
Craig Barton Vice President-Technical Services
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