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OFFON

AMERICAN AIRLINES GROUP INC.

(AAL)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 12/02 07:17:04 am
16.56 USD   +1.72%
12/01U.S. to extend transit mask mandate through mid-March -sources
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12/01Investors flee as Omicron reaches U.S.
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12/01U.S. to extend transit mask mandate through mid-March -- sources
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Raytheon warns of worker losses as companies impose vaccine mandate

10/26/2021 | 03:24pm EST
FILE PHOTO: A security officer stands guard in front of a Raytheon stand at the 53rd International Paris Air Show at Le Bourget Airport near Paris

(Corrects vaccination deadline in paragraph 1 to Dec. 8, not Jan. 1, removes reference to mid-December in paragraph 3)

(Reuters) - Raytheon Technologies' top boss warned on Tuesday the U.S. aerospace and defense firm will lose 'several thousand' employees who refused to take COVID-19 vaccines, as it prepares to meet the Biden administration's Dec. 8 deadline for immunization.

"We will lose several thousand people," Raytheon Chief Executive Greg Hayes said in a CNBC interview on Tuesday, adding that staff hiring was underway. The company has a total of 125,000 U.S. employees.

Raytheon, the maker of Tomahawk missiles, last month said it will require all U.S. employees to be fully vaccinated, after the Biden administration mandated immunization for nearly all federal employees and contractors, to widen vaccination coverage in the country.

Many federal contractors, such as Boeing Co, 3M and American Airlines, have announced vaccination mandates since. European planemaker Airbus, which supplies helicopters to the U.S. Army, also joined the list on Tuesday.

"We will require all employees and temporary workers of Airbus in the U.S. to be fully vaccinated against COVID-19 by Dec. 8," a company spokesperson said.

Other companies such as Gillette maker Procter & Gamble Co also have mandates in place.

To be sure, not every company is facing a pushback from its employees. United Food and Commercial Workers, the union which represents 26,000 workers at Tyson Foods Inc, said on Tuesday over 96% employees were now vaccinated.

While some other large U.S. employers such as Walmart were yet to issue broad requirements, the Labor Department's standards will require them to introduce mandates.

Separately, Raytheon's Hayes said he expects Biden's vaccine mandate to cause "some disruption" in the supply chain in a post-earnings conference call.

General Electric, another federal contractor that has mandated vaccines, however, said it was too early to say if the decision would have an impact on the U.S. conglomerate's operations.

"We will have a better read as we get closer to the compliance date," GE Chief Executive Larry Culp told Reuters.

(This story corrects vaccination deadline in paragraph 1 to Dec. 8, not Jan. 1, removes reference to mid-December in paragraph 3)

(Reporting by Kannaki Deka, Vishal Vivek in Bengaluru and Rajesh Kumar Singh in Chicago and Tim Hepher in Paris; Editing by Shinjini Ganguli)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -1.31% 100.6 Real-time Quote.13.52%
AMERICAN AIRLINES GROUP INC. -7.97% 16.28 Delayed Quote.3.23%
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Financials (USD)
Sales 2021 29 522 M - -
Net income 2021 -2 226 M - -
Net Debt 2021 32 109 M - -
P/E ratio 2021 -4,64x
Yield 2021 -
Capitalization 10 541 M 10 541 M -
EV / Sales 2021 1,44x
EV / Sales 2022 0,96x
Nbr of Employees 119 800
Free-Float 99,0%
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Number of Analysts 22
Last Close Price 16,28 $
Average target price 19,03 $
Spread / Average Target 16,9%
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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
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