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

AMERICAN AIRLINES GROUP INC.

(AAL)
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Delayed Quote. Delayed Nasdaq - 10/29 04:00:00 pm
11.16 USD   +1.92%
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Two Senate Democrats want FAA to release data on Boeing 737 MAX review

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09/22/2020 | 02:57pm EDT

WASHINGTON, Sept 22 (Reuters) - Democratic Senators Richard Blumenthal and Ed Markey called on the Federal Aviation Administration (FAA) to make public all data and information used to justify the Boeing 737 MAX’s return to service and disclose any internal objections raised by FAA employees.

The FAA has proposed requiring a series of software upgrades and other changes to be made before the return of the 737 MAX to service. The airplane has been grounded since March 2019 after two fatal crashes in five months killed 346 people.

"Robust transparency is needed to ensure that independent experts and the public can review whether this aircraft is truly safe before it takes to the skies again," the senators wrote. Boeing declined to comment. The FAA said it would respond directly to the senators.

The senators cited reports that suggested the FAA had often yielded to Boeing. "The FAA has demonstrated a disturbing pattern of deferral to Boeing in the past, and we feel strongly that the agency must fully disclose of all information related to its determinations moving forward," the senators wrote.

Separately, major pilots unions said the FAA should require new cockpit procedures for the 737 MAX to help pilots disable an erroneous stall alert that could be a serious distraction during midflight emergencies.

The proposal about an erroneous "stick shaker" alert is among recommendations submitted during a 45-day public comment period for the FAA's proposed 737 MAX design and operating changes.

Boeing filed comments proposing changing in wording to various sections of the proposed FAA directive.

The 737 MAX changes could pave the way for the FAA to lift a ban on the jet, potentially before year-end.

Separately, the Allied Pilots Association, which represents American Airlines' pilots, also asked for a checklist to disable erroneous stick shaker activation as well as an overspeed warning. (Reporting by David Shepardson Editing by Chizu Nomiyama and Steve Orlofsky)


Stocks mentioned in the article
ChangeLast1st jan.
ACTIVATION GROUP HOLDINGS LIMITED 2.60% 0.79 End-of-day quote.0.00%
AMERICAN AIRLINES GROUP INC. 1.92% 11.16 Delayed Quote.-61.09%
THE BOEING COMPANY 0.10% 148.29 Delayed Quote.-54.52%
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Financials (USD)
Sales 2020 17 097 M - -
Net income 2020 -8 932 M - -
Net Debt 2020 31 184 M - -
P/E ratio 2020 -0,60x
Yield 2020 1,07%
Capitalization 5 676 M 5 676 M -
EV / Sales 2020 2,16x
EV / Sales 2021 1,35x
Nbr of Employees 110 500
Free-Float 98,9%
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Technical analysis trends AMERICAN AIRLINES GROUP INC.
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus UNDERPERFORM
Number of Analysts 19
Average target price 11,57 $
Last Close Price 11,16 $
Spread / Highest target 142%
Spread / Average Target 3,64%
Spread / Lowest Target -91,0%
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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