American Airlines (AAL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
American Airlines is bolstered by its strong segmental performance, aiding its top line. The company's efforts to expand are also encouraging.
Escalated expenses on wages and benefits represent a major headwind for American Airlines.
Investors should monitor stocks like American Airlines, Air Canada, DXC, Dollar General, and McKesson for high returns.
A U.S. appeals court on Friday rejected a bid by American Airlines to overturn a judge's decision that sided with the U.S. Department of Justice and declared that its now-scrapped U.S. Northeast partnership with JetBlue Airways was anticompetitive.
Trump's re-election as U.S. president may lead to lesser scrutiny regarding mergers and acquisitions in the airline industry.
Anglo American PLC (LSE:AAL) has announced the sale of its minority stake in the Jellinbah East and Lake Vermont steelmaking coal mines for US$1.1 billion (£0.85 billion). Joint venture partner Zashvin will buy Anglo's 33.3% stake in Jellinbah Group, which owns the Australian mines, a statement said on Monday.
The US Department of Transportation has implemented a new consumer-friendly refund rule for air travelers. Under this regulation, passengers are now automatically entitled to refunds and other travel vouchers if an airline cancels or significantly delays their flight.
Groups representing major airlines on Friday criticized the Biden administration's broad public inquiry into the state of competition in air travel, saying the review could dramatically impact the future of U.S. aviation.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, American Airlines (AAL) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
The Sunbelt airline has a network problem: It needs more presence in the rest of the country, particularly New York City.