Why American Airlines Is Losing Altitude Today | The Motley Fool

Shares of American Airlines Group (AAL2.90%)traded down by as much as 4.7% on Monday after Citi cut its price target on the stock. The carrier is more vulnerable than most of its peers in the event of a downturn, according to the bank's analyst. As of 1:24 p.m. ET, the airline's shares were off by 3.9%. See more

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Why American Airlines Is Losing Altitude Today | The Motley Fool

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Why Airline Stocks Lost Some Altitude Today | The Motley Fool

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Apr 6, 2022 · American Airlines' total debt, net of cash, stands at $33.8 billion -- against a market capitalization of only $11.6 billion. United is a bit better off with $22.7 billion in net debt and a …

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U.S. travelers have been packing airlines and airports since the end of the pandemic, and American saw no sign of a slowdown in the last three months of 2023. American earned $0.29 …

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FAQs about Why American Airlines Is Losing Altitude Today | The Motley Fool Coupon?

What happened to American Airlines?

American Airlines Group (NASDAQ: AAL) slashed quarterly estimates and announced the departure of its chief commercial officer, a sign of softening demand and a change of strategy. Shares of American were down 14% as of 1 p.m. ET, and the news is taking other airlines along for the ride. ...

Is American Airlines ill-positioned to thrive if economic turbulence strikes?

One analyst fears the airline is ill-positioned to thrive if economic turbulence strikes. Shares of American Airlines Group ( AAL 0.84%) traded down by as much as 4.7% on Monday after Citi cut its price target on the stock. The carrier is more vulnerable than most of its peers in the event of a downturn, according to the bank's analyst. ...

Are Airlines oversold in a recession?

The Fed's latest rate hike, and its commitment to keep hiking rates, has investors worried about the economy. Airlines tend to do poorly in a recession, as travel is a big-ticket discretionary purchase. The stocks could be oversold, but the sector is lacking an obvious near-term catalyst to give it a boost. ...

Why did American Airlines stock fall 12.5% in June?

Shares of American fell 12.5% in June, according to data provided by S&P Global Market Intelligence, as the airline trimmed its summer schedule. What a difference a year makes. Last summer, the airlines were offering buyouts and early retirement packages as they looked to cut costs and weather a pandemic-induced drop-off in travel demand. ...

Why is southwest rethinking its flight plans?

Like Southwest, it is also scrambling to rethink flying plans due to ongoing issues at Boeing, which are causing delivery delays. The good news for investors is that these airlines are healthy enough to survive a downturn, and so whatever is going on with demand post-summer, the carriers should be able to fly through it. ...

How much debt does American Airlines have?

As it just so happens that airlines are some of the most indebted companies on the block, and thus have a lot to lose from higher debt costs. According to data from S&P Global Market Intelligence: American Airlines' total debt, net of cash, stands at $33.8 billion -- against a market capitalization of only $11.6 billion. ...