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AMERICAN AIRLINES GROUP INC.

(AAL)
  Report
Delayed Nasdaq  -  04:00:00 2023-01-26 pm EST
16.61 USD   +2.15%
02:58pAmerican Airlines' 2023 Profit Guidance Tops Expectations After Surprise Fourth-Quarter Earnings Beat Amid Robust Demand
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08:30aTranscript : American Airlines Group Inc., Q4 2022 Earnings Call, Jan 26, 2023
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08:14aAmerican Airlines Group Swings to Q4 Adjusted Earnings as Revenue Increases; Provides Q1, Full-Year 2023 Outlook
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JetBlue plans flights to Paris next year as travel booms

11/16/2022 | 08:03am EST
FILE PHOTO: Travelers check-in at a JetBlue Airways kiosk at John F. Kennedy Airport in the Queens borough of New York

(Reuters) - JetBlue Airways Corp said on Wednesday it would expand its transatlantic coverage by offering flights to Paris next year, seeking to cash in on robust demand for overseas travel.

The transatlantic is the world's most lucrative travel market and accounted for 11% to 17% of passenger revenues at the big three U.S. carriers, United Airlines, Delta Air Lines and American Airlines, in pre-pandemic 2019.

U.S. carriers looking to capitalize on the travel boom are responding to consumers emboldened by a stronger U.S. dollar and flexible arrangements that allow them to work from wherever they want by adding more fights to Europe.

JetBlue, which added London to its coverage last year, said it would start selling tickets for flights to Paris in the coming months.

The carrier said it would first launch nonstop service between New York's John F. Kennedy International Airport and Paris' Charles de Gaulle (CDG) airport in summer 2023, and then add nonstop service between Boston Logan International Airport and CDG.

Shareholders of Spirit Airlines Inc last month voted in favor of JetBlue's $3.8 billion takeover offer, moving the companies closer to creating the nation's fifth-largest carrier.

(Reporting by Nathan Gomes in Bengaluru; Editing by Vinay Dwivedi)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. 2.15% 16.61 Delayed Quote.27.83%
DELTA AIR LINES, INC. -0.41% 39.22 Delayed Quote.19.84%
JETBLUE AIRWAYS CORPORATION -0.71% 8.35 Delayed Quote.29.78%
SPIRIT AIRLINES, INC. 1.31% 20.16 Delayed Quote.1.39%
UNITED AIRLINES HOLDINGS, INC. -1.65% 49.45 Delayed Quote.33.37%
All news about AMERICAN AIRLINES GROUP INC.
02:58pAmerican Airlines' 2023 Profit Guidance Tops Expectations After Surprise Fourth-Quarter..
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08:30aTranscript : American Airlines Group Inc., Q4 2022 Earnings Call, Jan 26, 202..
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07:02aAmerican Airlines Reports Fourth-Quarter and Full-Year 2022 Financial Results
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07:01aAmerican Airlines Reports Fourth-Quarter and Full-Year 2022 Financial Results
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Analyst Recommendations on AMERICAN AIRLINES GROUP INC.
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Financials (USD)
Sales 2022 48 982 M - -
Net income 2022 132 M - -
Net Debt 2022 30 090 M - -
P/E ratio 2022 68,7x
Yield 2022 -
Capitalization 10 567 M 10 567 M -
EV / Sales 2022 0,83x
EV / Sales 2023 0,73x
Nbr of Employees 129 700
Free-Float 98,8%
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Technical analysis trends AMERICAN AIRLINES GROUP INC.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Last Close Price 16,26 $
Average target price 16,53 $
Spread / Average Target 1,66%
EPS Revisions
Managers and Directors
Robert D. Isom Chief Executive Officer & Director
Devon E. May Chief Financial Officer & Executive Vice President
William Douglas Parker Chairman
Ganesh Jayaram Executive VP, Chief Digital & Information Officer
David G. Seymour Chief Operating Officer & Senior Vice President