American Airlines Group Inc (AAL) reported quarterly earnings results on Friday, Apr-22-2016. The company said it had a profit of $1.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.19. The company posted revenue of $9435.00 million in the period, compared to analysts expectations of $9440.62 million. The company’s revenue was down -4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS.
Many Wall Street Analysts have commented on American Airlines Group Inc. Shares were Downgraded by Deutsche Bank on Apr 1, 2016 to ” Hold” and Lowered the Price Target to $ 46 from a previous price target of $55 .American Airlines Group Inc was Upgraded by Raymond James to ” Outperform” on Mar 24, 2016. Shares were Reiterated by Stifel on Mar 24, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $60 .
American Airlines Group Inc closed down -1.25 points or -3.03% at $40.01 with 1,07,82,629 shares getting traded on Wednesday. Post opening the session at $40.8, the shares hit an intraday low of $39.8 and an intraday high of $40.93 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 18, 2016, J Scott Kirby (President) sold 692 shares at $41.30 per share price. According to the SEC, on Apr 4, 2016, W Douglas Parker (Chairman and CEO) sold 4,113 shares at $40.13 per share price. On Mar 14, 2016, Andrew P Nocella (SVP Chief Marketing Officer) sold 684 shares at $42.43 per share price, according to the Form-4 filing with the securities and exchange commission.
American Airlines Group Inc. (AAG) is a holding company and its wholly-owned subsidiaries include American Airlines Inc. (American) US Airways Group Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Group’s principal subsidiary include US Airways Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines Inc. (Piedmont) and PSA Airlines Inc. (PSA). AAG’s primary business activity includes the operation of two network carriers through its principal wholly-owned mainline operating subsidiaries: American and US Airways. The Company’s airlines operate an average of approximately 6700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte Chicago Dallas/Fort Worth (DFW) Los Angeles Miami New York Philadelphia Phoenix and Washington District of Columbia.