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AMERICAN AIRLINES GROUP INC.

(AAL)
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Business coalitions urge Texas lawmakers to reject voting restrictions

05/04/2021 | 07:32pm EDT

May 4 (Reuters) - Two coalitions of business leaders on Tuesday urged Texas state lawmakers to reject any laws that would limit voters' access to ballots, adding corporate America's voice to a statewide debate over proposed voting restrictions.

American Airlines Group Inc, based in Forth Worth, Texas, Hewlett Packard Enterprise Co, Microsoft Corp , Salesforce.com Inc and Unilever Plc are among more than 50 companies, chambers of commerce and business leaders in one of the coalitions, Fair Elections Texas.

"When more people participate in our democratic process, we will all prosper," the group wrote in a letter released on Tuesday.

State legislators are considering two Republican-backed bills, one from the House and one from the Senate, that would limit early voting, change polling locations, restrict how voters can apply for mail-in ballots and give partisan poll watchers more power.

The House will bring its proposal to the floor on Thursday for a possible vote, according to a legislative schedule posted online on Tuesday. If the legislation is approved, a committee of lawmakers from the House and Senate would then work to reconcile differences between the bills.

Republicans have also introduced or passed voting limits in Georgia, Arizona and Florida, citing unsubstantiated claims by former President Donald Trump that the November election he lost to Democrat Joe Biden was stolen. Democrats have condemned the restrictions as an attack on democracy.

Top U.S. companies decried Georgia's law, and Major League Baseball moved its All-Star game out of the state in protest.

In a second letter to Texas lawmakers, a group of about 175 Houston-area business and community leaders said the bills under consideration would "damage our competitiveness in attracting businesses and workers to Houston."

The office of the state's Speaker of the House, Republican Dade Phelan, did not return a call for comment.

After American Airlines first criticized one of the proposed bills in April, Texas Lieutenant Governor Dan Patrick accused American's chief executive of failing to read it, which the airline denied. (Reporting by Jessica DiNapoli and Joseph Ax; Writing by Julia Harte Editing by Colleen Jenkins and Grant McCool)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. 0.27% 22.29 Delayed Quote.41.34%
MICROSOFT CORPORATION -0.56% 259.43 Delayed Quote.17.30%
UNILEVER PLC -1.03% 4307 Delayed Quote.-1.94%
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Financials (USD)
Sales 2021 28 086 M - -
Net income 2021 -3 146 M - -
Net Debt 2021 31 609 M - -
P/E ratio 2021 -4,24x
Yield 2021 -
Capitalization 14 296 M 14 296 M -
EV / Sales 2021 1,63x
EV / Sales 2022 1,19x
Nbr of Employees 113 200
Free-Float 99,0%
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Number of Analysts 23
Average target price 18,24 $
Last Close Price 22,29 $
Spread / Highest target 30,1%
Spread / Average Target -18,2%
Spread / Lowest Target -77,6%
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Managers and Directors
NameTitle
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