American Airlines Group Inc (AAL) reported quarterly earnings results on Friday, Jul-22-2016. The company said it had a profit of $1.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $1.68. The company posted revenue of $10363.00 million in the period, compared to analysts expectations of $10330.26 million. The company’s revenue was down -4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.62 EPS.
Many Wall Street Analysts have commented on American Airlines Group Inc. American Airlines Group Inc was Downgraded by Credit Suisse to ” Underperform” on Jul 6, 2016. American Airlines Group Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 16, 2016. American Airlines Group Inc was Upgraded by Morgan Stanley to ” Overweight” on Apr 28, 2016.
American Airlines Group Inc closed down -0.09 points or -0.25% at $35.92 with 1,30,98,351 shares getting traded on Wednesday. Post opening the session at $36.07, the shares hit an intraday low of $35.39 and an intraday high of $36.725 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jul 13, 2016, Beverly K. Goulet, (EVP Chief Integration Officer) sold 40,000 shares at $33.88 per share price. According to the SEC, on Jun 13, 2016, Richard P Schifter (director) purchased 3,000 shares at $32.13 per share price. On May 16, 2016, Jeffrey D Benjamin (director) purchased 35,000 shares at $31.79 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.