American Airlines (AAL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Barclays raised the firm's price target on American Airlines to $18 from $16 and keeps an Equal Weight rating on the shares. The firm sees a bullish setup for the North American airlines in 2025 as yields improve and capacity moderates. American and Southwest provided more favorable Q4 revenue guidance pointing to favorable industry yield improvement as capacity growth subsides, the analyst tells investors in a research note. Barclays remains bullish on the sector and continues to see significant upside potential in Delta (DAL), United (UAL) and Alaska Air (ALK).
American Airlines provided bullish guidance, boosting Q4'24 EPS to $0.65, above consensus estimates of $0.39. The airline has an exclusive loyalty deal with Citi aiming for 10% annual growth, potentially adding ~$2 to EPS by 2030. The stock only trades at 5x to 6x normalized EPS and still trades far below pre-Covid levels, unlike other legacy airlines.
Upbeat passenger volumes and low fuel costs are aiding American Airlines' stock. High labor costs pose a headwind.
Citi will become the exclusive issuer of the American Airlines co-branded card portfolio, AAdvantage, in 2026, having reached an agreement to acquire the Barclays American Airlines Co-branded Card portfolio.
American Airlines' tech-savvy initiatives boost its prospects. Efforts to expand are encouraging.
In the closing of the recent trading day, American Airlines (AAL) stood at $14.52, denoting a -0.82% change from the preceding trading day.
Anglo American PLC (LSE:AAL) shares ticked up on Friday morning after the miner was granted a ‘buy' rating by Jefferies analysts. Though there were still risks around its restructuring, which has seen Anglo sell off coal and platinum assets, Jefferies said a drop in the shares left good value.
UAL, AAL and LUV top lines are likely to benefit immensely from the buoyant Thanksgiving travel.
CNBC's Phil LeBeau joins 'Squawk on the Street' with the latest news.
Anglo American PLC (LSE:AAL)'s South African subsidiary has sold down its stake in Anglo American Platinum (Amplats) ahead of a planned demerger. The group sold 17.5 million Amplats shares, representing 6.6% of Amplats' issued capital, at a price of 548 South African rand (2,400p) each, generating approximately £420 million gross.
Anglo American PLC (LSE:AAL) is shaping up to become a drastically different business after offloading its multi-billion-dollar Australian metallurgical coal assets. The FTSE 100-listed miner is set to receive US$4.9 billion (£3.9 billion) from multiple disposals under a large-scale corporate streamlining plan.