United Airlines Upgraded, American Airlines Downgraded By Wall Street Experts
United Airlines was upgraded from a Neutral to a Buy by equity analyst Redburn with an $80 price target. Redburn cited its preference for international airlines at this time as a reason for the move, along with the decline in narrow-bodied aeroplane deliveries.
In contrast,...
American Airlines Reports $1.3 Billion Profit in Q2, Raises 2023 Profit Forecast
American Airlines released its second-quarter earnings on Thursday, reporting a $1.3 billion profit and raising its 2023 profit forecasts.
The airline company previously predicted a $2.50 to $3.50 per share earnings for the year but is now expecting to earn $3 and $3.75 per share...
American Airlines Forecasts Rising Profit Amid High Travel Demand
American Airlines shares gained more than 5% during premarket trading after the carrier forecast a rise in profit for the fourth quarter due to strong travel demand from consumers during the holiday season. This comes as welcome news after a period when a deteriorating...
American Airlines Will Remove First Class Seats on International Flights
Flying first class to an international destination will soon become a thing of the past; at least if you're flying with American Airlines. The largest U.S. airline by the number of passengers announced on Thursday that it plans to remove first-class seats from its...
American Airlines Promises 17% Pay Increase for Pilots
Airlines around the world are struggling with a shortage of pilots. As a result, American Airlines is making efforts to keep its own pilots on board by promising a 17 percent pay increase by 2024.
AA's CEO Robert Isom detailed the proposal in an internal...