Tag: American Airlines

Finance Tech, Industries, Others, Trading

American Airlines set to issue new stock after price run-up

January 29, 2021

Via: ABC News

American Airlines’ stock rose earlier this week during market volatility around struggling companies, and now the airline is using the opening to sell up to $1.1 billion in new shares. American said Friday that it reached an agreement with lenders […]

Industries, Others

Boeing jumps 6% after its 737 Max plane receives FAA approval to fly again

November 18, 2020

Via: Markets Insider

Boeing reached a big milestone on Wednesday after the Federal Aviation Administration officially approved the ungrounding of the 737 MAX airplane. The move came 20 months after the initial grounding in March 2019 following two deadly crashes that shook both […]

Finance Tech, Trading

Robinhood traders cash in on the market comeback that billionaire investors missed

June 9, 2020


One 26-year-old Robinhood trader made $1,500 in less than 24 hours betting on a beaten-down airline stock, while many so-called experts on Wall Street warned about buying into an overvalued stock market that was bound to tumble again amid the […]

Industries, Others

Medicine, phones and strawberries: As passengers drop 90%, desperate airlines convert to cargo to stay afloat

March 26, 2020

Via: Fortune

Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. The likes of Cathay Pacific Airways Ltd., Korean Air Lines Co. and […]

Industries, Others

American Airlines Says Grounding of Max 737 Will Cut Profit by $400 Million

July 25, 2019

Via: Fortune

American Airlines said Thursday that the long grounding of Boeing 737 Max jets will cut its pretax earnings for 2019 by about $400 million, including $175 million in the second quarter. American issued the estimate as it announced that second […]

Finance Tech, Trading

Buyer beware: Airline stocks are a ‘value trap,’ warns expert

January 15, 2019


Airline stocks can’t seem to catch a break. The NYSE Arca Airline Index, which tracks U.S. and international carriers, lagged the broader market in 2018 — dropping nearly 21 percent compared with the S&P’s decline of more than 6 percent […]

Industries, Others

Qatar Airways wants a 10% stake in American Airlines

June 26, 2017

Via: The Economist

IT SEEMED, at first blush, to be a masterclass in how to bait a rival. For years, American Airlines, along with other big American carriers, has complained of “unfair” competition from Middle Eastern operators, which stand accused of taking state […]