Type
|
Public |
---|---|
Traded as | NASDAQ: AAL NASDAQ-100 Component DJTA Component S&P 500 Component |
Industry | Aviation |
Predecessors | AMR Corporation US Airways Group |
Founded | December 9, 2013 (2013-12-09) in Fort Worth, Texas |
Headquarters | CentrePort, Fort Worth, Texas, United States |
Number of locations
|
350 destinations* |
Area served
|
Worldwide |
Key people
|
Doug Parker (Chairman & CEO) Robert Isom (President) Derek Kerr (CFO) |
Production output
|
6,700 daily flights (2013) |
Services | Air transportation |
Revenue | US$40.180 billion (2016) |
Operating income
|
US$5.284 billion (2016) |
Profit | US$2.676 billion (2016) |
Total assets | US$51.274 billion (2016) |
Total equity | US$3.785 billion (2016) |
Number of employees
|
118,500 (2015) |
Divisions | American Airlines Cargo American Eagle American Airlines Shuttle |
Subsidiaries | American Airlines, Inc. Envoy Air Inc. Piedmont Airlines, Inc. PSA Airlines, Inc. |
Website | www |
Footnotes / references * Hubs in Charlotte, Chicago, Dallas, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington |
American Airlines Group, Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas. It was formed December 9, 2013, in the merger of AMR Corporation, the parent company of American Airlines, and US Airways Group, the parent company of US Airways. The airline groups together form the largest airline in the world, with more than 6,700 daily flights to 336 locations in 56 countries worldwide, about $40 billion in operating revenue, over 100,000 employees, and plans to take delivery of 607 new aircraft, including 517 narrowbody aircraft and 90 widebody international aircraft. The integration of American Airlines and US Airways was completed when the Federal Aviation Administration granted a single operating certificate for both carriers on April 8, 2015.
In January 2012, US Airways Group, the parent company of US Airways, expressed interest in taking over AMR Corporation, the parent company of American Airlines. In March, AMR's CEO Tom Horton said that the company was open to a merger. US Airways (US) told some American Airlines (AA) creditors that merging the two carriers could yield more than $1.5 billion a year in added revenue and cost savings. On April 20, American Airlines' three unions said they supported a proposed merger between the two airlines. With AMR under Chapter 11 bankruptcy protection, American Airlines had been looking to merge with another airline. Earlier in July, a bankruptcy court filing stated that US Airways was an American Airlines creditor and "prospective merger partner"; on August 31, US Airways CEO Doug Parker announced that American Airlines and US Airways had signed a nondisclosure agreement, in which they would discuss the possibility of a merger.
In February 2013, American Airlines and US Airways announced plans to merge, creating, by some measurements, the largest airline in the world. In the deal, which was expected to close in the third quarter of 2013, stakeholders of AMR would own 72% of the company and US Airways shareholders would own the remaining 28%. The combined airline carries the American Airlines name and branding. The holding company was renamed American Airlines Group Inc. The US Airways' management team, including CEO Doug Parker, retained most operational management positions. In effect, the management of US Airways took over American Airlines, but retaining the American name. The headquarters for the new airline was also consolidated at American's current headquarters in Fort Worth, Texas. US Airways exited Star Alliance upon completion of the merger, and American retained its Oneworld alliance. Judge Sean Lane approved the merger on March 27, 2013, but declined to approve a proposed $20 million severance package to AA executive Thomas W. Horton. On July 12, US Airways shareholders approved the proposed merger.
On August 13, 2013, the United States Department of Justice along with attorneys general from the District of Columbia, Arizona (headquarters of US Airways), Florida, Pennsylvania, Tennessee, Texas (headquarters of American Airlines), and Virginia filed a lawsuit seeking to block the merger, arguing that it would mean less competition and higher prices. American Airlines and US Airways both said that they would fight against the lawsuit and defend their merger. In early October 2013, the Attorney General of Texas quit the anti-trust lawsuit.
The Department of Justice reached a settlement of its lawsuit on November 12, 2013. The settlement will require the merged airline to give up landing slots or gates in 7 major airports. Under the deal, the new American is required to sell 104 slots at Ronald Reagan Washington National Airport and 34 slots at LaGuardia Airport. An additional requirement is that American sell two gates at O'Hare International Airport, Los Angeles International Airport, Logan International Airport, Dallas Love Field and Miami International Airport. Some of the slots will be sold to low-cost carriers such as JetBlue and Southwest Airlines.
A private antitrust suit, filed by a group of 40 passengers and travel agents, also sought to block the merger. American's bankruptcy court judge refused to enjoin the two airlines from merging, saying that the group did not demonstrate that the merger would irreparably harm them. The plaintiffs' lawyer appealed and was turned down at the U.S. District Court level and was further rebuffed at the Supreme Court after Justice Ruth Bader Ginsburg denied a stay request filed by him.
Following the Department of Justice approval, the merged company traded on the NASDAQ stock exchange under the symbol AAL.
On July 13, 2015, American announced that it planned to discontinue the US Airways brand name on October 17, 2015. On October 16, US Airways flew its final flight, US Airways Flight 1939, which was a flight from Philadelphia-Charlotte-Phoenix-San Francisco-Philadelphia.
As of 2017 American Airlines Group shares are mainly held by institutional investors (T. Rowe Price, Berkshire Hathaway, Primecap Management and others)
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q4 2022 | 2023-04-27 | Future report Set alerts | |
Q3 2022 | 2022-10-20 | 0.69 | 0.69 |
Q2 2022 | 2022-07-21 | 0.76 | 0.76 |
Q1 2022 | 2022-04-21 | -2.32 | -2.32 |
Q4 2021 | 2022-01-20 | -1.42 | -1.42 |
Q3 2021 | 2021-10-21 | -0.99 | -0.99 |
Q2 2021 | 2021-07-22 | -1.69 | -1.69 |
Q1 2021 | 2021-04-22 | -4.32 | -4.32 |
Q4 2020 | 2021-01-28 | -3.86 | -3.86 |
Q3 2020 | 2020-10-18 | -5.54 | -5.54 |
2016-07-12 | Upgrade | Deutsche Bank AG | Hold to Buy | |
2016-07-06 | Downgrade | Credit Suisse Group AG | Outperform to Underperform | $47.00 to $28.00 |
2016-06-25 | Reiterated Rating | Credit Suisse | Underweight | |
2016-06-25 | Reiterated Rating | Credit Suisse Group AG | Underweight | |
2016-06-16 | Downgrade | Bank of America | Neutral to Underperform | |
2016-06-16 | Downgrade | Bank of America Corp. | Neutral to Underperform | |
2016-06-15 | Reiterated Rating | Raymond James | Outperform | |
2016-06-15 | Reiterated Rating | Morgan Stanley | Overweight | |
2016-06-15 | Reiterated Rating | Raymond James Financial Inc. | Outperform | |
2016-05-16 | Reiterated Rating | Sterne Agee CRT | Buy | |
2016-04-28 | Upgrade | Morgan Stanley | Equal Weight to Overweight | $48.00 to $46.00 |
2016-04-23 | Reiterated Rating | Cowen and Company | Buy | |
2016-04-22 | Lower Price Target | Cowen and Company | Outperform | $48.00 to $46.00 |
2016-04-12 | Lower Price Target | Credit Suisse | Outperform | $53.00 to $49.00 |
2016-04-12 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $50.50 |
2016-04-09 | Reiterated Rating | Deutsche Bank | Hold | |
2016-04-09 | Reiterated Rating | Deutsche Bank AG | Hold | |
2016-04-08 | Lower Price Target | Deutsche Bank | $46.00 to $45.00 | |
2016-04-01 | Downgrade | Deutsche Bank | Buy to Hold | $55.00 to $46.00 |
2016-03-31 | Reiterated Rating | Credit Suisse | Outperform | |
2016-03-29 | Initiated Coverage | Stephens | Equal Weight | $43.00 |
2016-03-24 | Upgrade | Raymond James | Market Perform to Outperform | $52.00 |
2016-03-24 | Lower Price Target | Stifel Nicolaus | Buy | $60.00 to $55.00 |
2016-03-24 | Reiterated Rating | Bank of America | Hold | $45.00 |
2016-03-04 | Reiterated Rating | Buckingham Research | Buy | |
2016-03-03 | Reiterated Rating | Sterne Agee CRT | Buy | $52.00 |
2016-02-11 | Reiterated Rating | Credit Suisse | Outperform | |
2016-02-04 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $66.00 to $50.50 |
2016-02-01 | Upgrade | Cowen and Company | Market Perform to Buy | $47.00 to $48.00 |
2016-01-20 | Reiterated Rating | Sterne Agee CRT | Buy | $52.00 |
2016-01-18 | Boost Price Target | Credit Suisse | Outperform | $57.00 to $58.00 |
2016-01-14 | Reiterated Rating | Buckingham Research | Buy | $61.00 to $64.00 |
2016-01-07 | Upgrade | Credit Suisse | Neutral to Outperform | $52.00 to $57.00 |
2015-12-21 | Boost Price Target | Deutsche Bank | Buy | $54.00 to $55.00 |
2015-12-18 | Reiterated Rating | Buckingham Research | Buy | |
2015-11-25 | Downgrade | HSBC | Hold to Reduce | |
2015-11-19 | Reiterated Rating | Cowen and Company | Hold | $45.00 |
2015-10-13 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $72.00 to $66.00 |
2015-10-13 | Downgrade | Evercore ISI | Buy to Hold | |
2015-10-12 | Reiterated Rating | Deutsche Bank | Buy | $50.00 to $52.00 |
2015-10-12 | Reiterated Rating | Morgan Stanley | Equal Weight | $50.00 |
2015-09-30 | Downgrade | Goldman Sachs | Buy to Neutral | $48.00 to $44.00 |
2015-09-30 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $48.00 to $44.00 |
2015-09-11 | Reiterated Rating | Buckingham Research | Buy | $56.00 |
2015-09-10 | Boost Price Target | Credit Suisse | $45.00 to $47.00 | |
2015-09-02 | Reiterated Rating | Imperial Capital | Outperform | $73.00 to $65.00 |
2015-09-01 | Upgrade | Deutsche Bank | Hold to Buy | $38.98 to $50.00 |
2015-08-04 | Reiterated Rating | Morgan Stanley | Equal Weight | $51.00 to $48.00 |
2015-07-30 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $72.50 to $72.00 |
2015-07-28 | Reiterated Rating | Barclays | Buy | |
2015-07-28 | Reiterated Rating | Imperial Capital | Outperform | $73.00 |
2015-07-28 | Reiterated Rating | Barclays PLC | Buy | |
2015-07-27 | Lower Price Target | Barclays | Overweight | $58.00 to $55.00 |
2015-07-25 | Reiterated Rating | Stifel Nicolaus | Buy | |
2015-07-15 | Reiterated Rating | Bank of America | Neutral | $50.00 to $48.00 |
2015-06-23 | Initiated Coverage | Morgan Stanley | Overweight to Equal Weight | $62.00 to $49.00 |
2015-06-19 | Lower Price Target | Credit Suisse | Neutral | $46.00 to $44.00 |
2015-06-18 | Lower Price Target | Barclays | Overweight | $68.00 to $58.00 |
2015-06-11 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | |
2015-06-10 | Set Price Target | JPMorgan Chase & Co. | Buy | $84.50 to $72.50 |
2015-06-10 | Set Price Target | Deutsche Bank | Hold | $58.00 to $50.00 |
2015-06-10 | Lower Price Target | Imperial Capital | Outperform | $82.00 to $73.00 |
2015-06-09 | Lower Price Target | Cowen and Company | Market Perform | $55.00 to $45.00 |
2015-06-08 | Downgrade | Raymond James | Outperform to Market Perform | |
2015-06-04 | Downgrade | Bank of America | Neutral to Buy | |
2015-06-03 | Lower Price Target | Bank of America | Buy to Neutral | $64.00 to $50.00 |
2015-06-02 | Reiterated Rating | Imperial Capital | Outperform | $82.00 |
2015-05-23 | Reiterated Rating | Goldman Sachs | Buy | |
2015-04-27 | Reiterated Rating | Imperial Capital | Outperform | $92.00 to $82.00 |
2015-04-01 | Downgrade | Deutsche Bank | Buy to Hold | $78.00 to $58.00 |
2015-02-24 | Downgrade | Cowen and Company | Outperform to Market Perform | $55.00 to $66.00 |
2015-02-19 | Reiterated Rating | Credit Suisse | Hold | $65.00 to $60.00 |
2015-01-28 | Set Price Target | Imperial Capital | Buy | $92.00 |
2015-01-28 | Downgrade | Credit Suisse | Outperform to Neutral | $71.00 to $65.00 |
2015-01-16 | Boost Price Target | Barclays | Overweight | $63.00 to $68.00 |
2015-01-13 | Boost Price Target | CRT Capital | Buy | $59.00 to $63.00 |
2015-01-12 | Boost Price Target | Imperial Capital | Outperform | $72.00 to $92.00 |
2015-01-06 | Boost Price Target | Buckingham Research | $63.00 to $74.00 | |
2014-12-10 | Boost Price Target | Imperial Capital | Outperform | $58.00 to $72.00 |
2014-12-10 | Upgrade | Barclays | Equal Weight to Overweight | $47.00 to $63.00 |
2014-12-08 | Reiterated | Cowen | Outperform | $47 to $60 |
2014-12-08 | Boost Price Target | Cowen and Company | Outperform | $47.00 to $60.00 |
2014-12-02 | Boost Price Target | Credit Suisse | Outperform | $55.00 to $58.00 |
2014-12-01 | Upgrade | Bank of America | Neutral to Buy | $46.00 to $55.00 |
2014-10-24 | Reiterated Rating | CRT Capital | Buy | $48.00 to $54.00 |
2014-10-24 | Reiterated Rating | Credit Suisse | Outperform | $52.00 to $55.00 |
2014-09-08 | Initiated Coverage | Credit Suisse | Outperform | $52.00 |
2014-07-31 | Lower Price Target | JPMorgan Chase & Co. | $57.50 to $55.50 | |
2014-07-28 | Reiterated Rating | Goldman Sachs | Positive | |
2014-07-28 | Lower Price Target | CRT Capital | Buy | $52.00 to $48.00 |
2014-07-25 | Boost Price Target | Deutsche Bank | Buy | $45.00 to $54.00 |
2014-07-16 | Initiated Coverage | Atlantic Securities | Overweight | $51.00 |
2014-07-11 | Boost Price Target | Barclays | Equal Weight | $41.00 to $47.00 |
2014-07-10 | Boost Price Target | CRT Capital | Buy | $45.00 to $51.00 |
2014-07-09 | Boost Price Target | Imperial Capital | Outperform | $55.00 to $58.00 |
2014-07-09 | Reiterated Rating | Deutsche Bank | Positive | |
2014-07-02 | Boost Price Target | Imperial Capital | Outperform | $46.00 to $55.00 |
2014-06-30 | Boost Price Target | Raymond James | Outperform | $48.00 to $52.00 |
2014-06-10 | Boost Price Target | Goldman Sachs | Buy | $43.59 to $50.00 |
2014-05-05 | Initiated Coverage | Stifel Nicolaus | Buy | $45.00 |
2014-05-01 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $55.00 |
2014-04-28 | Reiterated Rating | Bank of America | Neutral | $40.00 to $42.00 |
2014-04-25 | Boost Price Target | Barclays | Equal Weight | $41.00 |
2014-04-25 | Boost Price Target | Imperial Capital | Outperform | $43.00 to $46.00 |
2014-04-25 | Boost Price Target | Deutsche Bank | $42.00 to $45.00 | |
2014-04-17 | Reiterated Rating | Barclays | Equal Weight | $39.00 |
2014-04-10 | Reiterated Rating | Imperial Capital | Outperform | $43.00 |
2014-04-07 | Initiated Coverage | Goldman Sachs | Buy | $46.00 |
2014-03-24 | Reiterated Rating | Morgan Stanley | Overweight | $43.00 to $45.00 |
2014-03-12 | Boost Price Target | Cowen and Company | Outperform | $47.00 |
2014-03-11 | Boost Price Target | Cowen and Company | Outperform | $39.00 to $47.00 |
2014-02-03 | Initiated Coverage | Morgan Stanley | Overweight | $43.00 |
2014-01-29 | Boost Price Target | Imperial Capital | Outperform | $36.00 to $43.00 |
2014-01-29 | Boost Price Target | Deutsche Bank | $35.00 to $42.00 | |
2014-01-29 | Upgrade | Raymond James | Market Perform to Outperform | $4.00 to $34.00 |
2014-01-29 | Upgrade | Bank of America | Underperform to Neutral | $22.00 to $34.00 |
2014-01-29 | Upgrade | Evercore ISI | Equal Weight to Overweight | $28.00 to $42.00 |
2014-01-29 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $37.00 to $41.00 |
2014-01-28 | Reiterated | Cowen | Outperform | $34 to $39 |
2014-01-28 | Boost Price Target | Cowen and Company | Outperform | $34.00 to $39.00 |
2014-01-15 | Reiterated | Cowen | Outperform | $31 to $34 |
2014-01-15 | Boost Price Target | Cowen and Company | Outperform | $31.00 to $34.00 |
2014-01-08 | Initiated Coverage | Bank of America | Underperform | $20.50 |
2013-12-19 | Initiated Coverage | Evercore ISI | Equal Weight | |
2013-12-17 | Initiated Coverage | Barclays | Equal Weight | $30.00 |
2013-12-11 | Upgrade | JPMorgan Chase & Co. | Overweight to Focus List | |
2013-12-09 | Initiated Coverage | CRT Capital | Buy | $31.00 |
2013-12-09 | Initiated Coverage | Deutsche Bank | Buy | $35.00 |
2016-07-12 | Upgrade | Deutsche Bank AG | Hold to Buy | |
2016-07-06 | Downgrade | Credit Suisse Group AG | Outperform to Underperform | $47.00 to $28.00 |
2016-06-25 | Reiterated Rating | Credit Suisse | Underweight | |
2016-06-25 | Reiterated Rating | Credit Suisse Group AG | Underweight | |
2016-06-16 | Downgrade | Bank of America | Neutral to Underperform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In AAL 390 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 71.82M |
PRIMECAP MANAGEMENT CO/CA/ | 38.96M |
CITADEL ADVISORS LLC | 37.08M |
BlackRock Inc. | 35.28M |
Saba Capital Management, L.P. | 21.78M |
STATE STREET CORP | 20.66M |
U S GLOBAL INVESTORS INC | 16.59M |
UBS OCONNOR LLC | 16.37M |
Lombard Odier Asset Management (USA) Corp | 15.80M |
GEODE CAPITAL MANAGEMENT, LLC | 13.40M |
BlackRock Institutional Trust Company, N.A. | 12.94M |
NOMURA HOLDINGS INC | 11.38M |
BlackRock Fund Advisors | 9.95M |
RENAISSANCE TECHNOLOGIES LLC | 9.31M |
UBS Group AG | 9.04M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
PARKER W DOUGLAS Chief Executive Officer | 0.26% (1840561) | AAL / |
KIRBY J SCOTT President | 0.10% (702343) | AAL / UAL / |
Isom Robert D Jr See Remarks | 0.09% (670276) | AAL / |
Johnson Stephen L EVP - Corporate Affairs | 0.07% (516062) | AAL / |
KERR DEREK J Executive VP & CFO | 0.06% (464386) | AAL / |
EBERWEIN ELISE R EVP People and Communications | 0.05% (347708) | AAL / |
GOULET, BEVERLY K. EVP Chief Integration Officer | 0.03% (206162) | AAL / |
GARTON DANIEL P Executive Vice President | 0.03% (198217) | AAL / LPT / RJET / TGI / |
Leibman Maya EVP Chief Information Officer | 0.03% (198061) | AAL / |
KENNEDY GARY F Sr. VP / General Counsel | 0.03% (188192) | AAL / |
REAM JAMES B Senior V.P. Operations | 0.03% (184685) | AAL / GMT / |
HORTON THOMAS W Chairman,President and CEO | 0.02% (178004) | AAL / QCOM / WMT / |
Goren Isabella D SVP/ Chief Financial Officer | 0.02% (164873) | AAL / GPS / LYB / |
Nocella Andrew P SVP Chief Marketing Officer | 0.02% (123044) | AAL / UAL / |
OLEARY DENISE M | 0.01% (84706) | AAL / CPN / MDT / |
KRAEMER RICHARD C | 0.01% (53229) | AAL / KNX / SWFT / |
Ibarguen Alberto | 0.01% (40837) | AAL / AOL / PEP / |