American Airlines Group Inc (Nasdaq: AAL) stock surged over 1.80% intraday; it opened trading at $15.74. The lowest traded price was $15.73, highest traded price was $16.37, and the stock closed at $16.02.
AAL stock price continuously surging since last year; American Airlines Group stock jumped more than 10.13% in the weekly trading session. Monthly trading prices of AAL stock are profitable at 14.94%.
Technical indicators are giving strong buy-signal for AAL. However, the analyst rating shows a neutral opinion: neither to buy nor sell time to hold the AAL Stocks.
AAL Stock attracted more active buyers than sellers in the last few trading sessions. In Tuesday’s trading session, the intraday trading volume of American Airlines Group stock was $21.912 Million. The estimated yearly price target of AAL Stock is $18.36, which is 12.55% less than the current trading prices.
Recent News of AAL
The company recently announced it would start charging $75 in fees for the first checked bags on the cheapest fares on transoceanic flights. AAL rivals Delta Airlines (NYSE: DAL) and United Airlines (Nasdaq: UAL) charge no fees on checked bags on transpacific flights.
An American Airlines flight from Los Angeles to Boston has initiated an emergency and is returning. The flight initiated an emergency when it was flying at 29,000 feet due to bad weather conditions.
American Airlines Group Inc. ( AAL Stock) Earnings and Revenue
In the first quarter of 2023, the company reported 0.14% less revenue than the estimated figures. According to analysts, American Airlines Group Inc was supposed to declare $12.21 Billion in revenue, but its reported revenue is $12.19 Billion.
Although in last quarters, the company reported higher revenue compared to the estimated figures. It is important to note that Earnings Per Share in Q1 2023 has beaten the estimated EPS by 29.15% and reported $0.05.
More than 642 million AAL Shares are free-floating, and 9.064 million shares are closely held by the company, its executives, or other financial backers. The company generates 18% in gross profit from the total reported revenue, excluding EBIT and EBITDA.
In the last one year, market capitalization of AAL has seen many ups and downs. The overall market capitalization at press time of the airline company was $10.648 Billion.
American Airlines Group Inc. shares are held by more than 630 institutional holders, including Vanguard Group Inc., Primecap Management Co/Ca, Blackrock Inc., State Street Corp, Geode Capital Management LLC, Two Sigma Adviser, LP, and U S Global Investors Inc, and numerous others.
Over 84% of American Airlines Group Inc.’s revenue is generated from passenger travel, followed by Loyalty revenue, loyalty revenue marketing services, and the remaining from Cargo services. The United States of America, Latin America, the Pacific, and the Atlantic are the major regions where the company operates its business.
Disclaimer
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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/06/14/aal-stock-ascends-by-1-80-intraday-airline-stocks-profitable/