Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AMERICAN AIRLINES GROUP INC.

(AAL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

American Airlines : U.S. airlines, White House say vaccine mandate will not impact holiday travel

10/21/2021 | 07:04pm EST
FILE PHOTO: Passengers check in for a Southwest Airlines flight at Orlando International Airport in Orlando

WASHINGTON/CHICAGO, Oct 21 (Reuters) - Two major U.S. airlines and the White House said they do not think the Biden administration's executive order mandating federal contractors require employee vaccinations by Dec. 8 will impact holiday travel or result in employees leaving.

American Airlines and Southwest Airlines announced earlier this month they would comply https://www.reuters.com/business/aerospace-defense/southwest-airlines-comply-with-biden-vaccine-mandate-by-dec-8-2021-10-04 with the mandate that employees be vaccinated by Dec. 8 unless they receive a religious or medical exemption.

Some airlines and industry-watchers had initially feared an exodus of unvaccinated airline or government employees involved in travel just before the Christmas season but airlines later said that would not happen and cited comments from the White House this week.

Southwest Airlines Chief Executive Gary Kelly said on Thursday: "We are not on a campaign here to force everybody to get vaccinated ... We want our employees to know that nobody is going to lose their job on December 9 if we're not perfectly in compliance."

He added: "We're not going to fire anybody who doesn't get vaccinated." He said the vaccination issue will not disrupt travel.

White House COVID-19 coordinator Jeff Zients on Wednesday told reporters https://www.whitehouse.gov/briefing-room/press-briefings/2021/10/20/press-briefing-by-white-house-covid-19-response-team-and-public-health-officials-62 the vaccine requirements for federal employees and federal contractors would not impact holiday travel.

"Vaccination requirements will not impact holiday travel," Zients said.

Some lawmakers including Senate Majority Leader Chuck Schumer have raised concerns about the impact on the Transportation Security Administration and travel.

"The requirements for federal workers and contractors will not cause disruptions to government services that people depend on. Agencies have the flexibility necessary to enforce the mandate without impacting critical operations," Zients said.

Zients added, "the point here is to get people vaccinated, not to punish them. So agencies will not be removing employees from federal service until after they've gone through a process of education and counseling."

American Airlines Chief Executive Doug Parker said on an earnings call on Thursday he does not expect any employees to leave as a result of the vaccine mandate.

"We think we're not going to see anyone leaving American. I don't think anyone's going to want to leave American because either they choose not to get vaccinated or they don't have a religious or medical (exemption)," Parker said.

Parker said the airline is "highly confident" it will have everyone needed to fly its holiday schedule even if some unvaccinated employees with approved exemptions face new testing requirements.

"We don't anticipate any operational impact," Parker said.

The Cargo Airline Association, a group representing FedEx Corp, United Parcel Service Inc and other cargo carriers, said in letter to the White House on Monday that "it will be virtually impossible to have 100% of our respective work forces vaccinated by Dec. 8 ... Sliding this date into the first half of 2022 will allow association members to meet the demands of the e-commerce revolution during the holiday season."

The letter, seen by Reuters, was previously unreported.

FedEx told Reuters on Thursday it is "engaged with the relevant government agencies" on the guidelines. (Reporting by David Shepardson in Washington and Rajesh Kumar Singh in Chicago Editing by Matthew Lewis)


ę Reuters 2021
All news about AMERICAN AIRLINES GROUP INC.
11/30Aemetis to Deliver Sustainable Aviation Fuel to Eight Oneworld Alliance Airlines at San..
MT
11/30GIVING TUESDAY : Every Mile Counts
PU
11/30US Stocks Signal Weaker Session as Futures Slide Pre-Bell on Omicron Worries; Europe, A..
MT
11/30NORTH AMERICAN MORNING BRIEFING :
DJ
11/29Trial in U.S. Justice Department fight with American Airlines set for Sept 2022
RE
11/29Stocks tumble on new coronavirus variant fear
RE
11/26New COVID variant Omicron triggers global alarm, market sell-off
RE
11/26Stocks tumble on new coronavirus variant fear
RE
11/26US Travel Stocks Hammered on New COVID-19 Variant Fears as Europe Eyes Travel Ban for C..
MT
11/26Dow falls over 2% as new virus variant spooks investors
RE
More news
Analyst Recommendations on AMERICAN AIRLINES GROUP INC.
More recommendations
Financials (USD)
Sales 2021 29 522 M - -
Net income 2021 -2 226 M - -
Net Debt 2021 32 109 M - -
P/E ratio 2021 -5,04x
Yield 2021 -
Capitalization 11 454 M 11 454 M -
EV / Sales 2021 1,48x
EV / Sales 2022 0,99x
Nbr of Employees 119 800
Free-Float 99,0%
Chart AMERICAN AIRLINES GROUP INC.
Duration : Period :
American Airlines Group Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMERICAN AIRLINES GROUP INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Last Close Price 17,69 $
Average target price 19,03 $
Spread / Average Target 7,55%
EPS Revisions
Managers and Directors
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
Kevin Brickner Senior Vice President-Technical Operations