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AAL $16.88

AAL target price
16.88
0
26
American Airlines Group, Inc.
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 Decrease US$40.180 billion (2016)
Operating income
Decrease US$5.284 billion (2016)
Profit Decrease US$2.676 billion (2016)
Total assets Increase US$51.274 billion (2016)
Total equity Decrease 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.aa.com
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)

Q reports

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

Ratings

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

Major Shareholders

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 /