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MarketScreener Homepage  >  Equities  >  Nasdaq  >  American Airlines Group Inc.    AAL

AMERICAN AIRLINES GROUP INC.

(AAL)
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American Airlines : plans to return Boeing 737 Max to service at year-end

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10/18/2020 | 03:55am EDT

WASHINGTON, Oct 18 (Reuters) - American Airlines Group plans to return Boeing 737 Max jets to service for passenger flights by the end of this year depending on certification of the aircraft from the Federal Aviation Administration (FAA), it said on Sunday.

The airline said it will operate a daily 737 Max flight between Miami and New York from Dec. 29 to Jan. 4, with flights available for booking from Oct. 24.

"We remain in contact with the FAA and Boeing on the certification process and we'll continue to update our plans based on when the aircraft is certified," the company said in an statement.

The FAA in a statement Sunday reiterated it has no timeline for approving the plane's return to service and said it "will lift the grounding order only after FAA safety experts are satisfied that the aircraft meets certification standards."

The Boeing 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people. The FAA expected to lift its grounding order around mid-November, sources briefed on the matter previously told Reuters, but that date could still slip.

American Airlines said it will make customers aware that they are flying on a 737 MAX.

The FAA in early October issued a draft report on revised training procedures for the MAX, which is open for public comment through Nov. 2.

(Reporting by Ann Maria Shibu in Bengaluru and David Shepardson in Washington; Editing by David Goodman and Daniel Wallis)


Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. -4.83% 11.23 Delayed Quote.-60.84%
THE BOEING COMPANY -3.48% 155.24 Delayed Quote.-50.63%
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Financials (USD)
Sales 2020 17 310 M - -
Net income 2020 -9 196 M - -
Net Debt 2020 32 104 M - -
P/E ratio 2020 -0,58x
Yield 2020 1,06%
Capitalization 6 002 M 6 002 M -
EV / Sales 2020 2,20x
EV / Sales 2021 1,39x
Nbr of Employees 107 400
Free-Float 98,9%
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Technical analysis trends AMERICAN AIRLINES GROUP INC.
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Mean consensus UNDERPERFORM
Number of Analysts 19
Average target price 11,63 $
Last Close Price 11,23 $
Spread / Highest target 140%
Spread / Average Target 3,59%
Spread / Lowest Target -91,1%
EPS Revisions
Managers
NameTitle
William Douglas Parker Chairman & Chief Executive Officer
Robert D. Isom President
David G. Seymour Senior Vice President-Operations
Derek J. Kerr Chief Financial & Accounting Officer, Executive VP
Maya Leibman Chief Information Officer & Executive VP
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