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MarketScreener Homepage  >  Equities  >  Nasdaq  >  American Airlines Group Inc.    AAL

AMERICAN AIRLINES GROUP INC.

(AAL)
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JetBlue readies parked planes to fly to new routes

09/10/2020 | 10:47am EST

It's a dash for cash in the struggling airline industry and JetBlue isn't planning on sitting on the sidelines.

The airline said Thursday that it will add 24 routes later this year and it plans to put some parked planes back into operation to fly to those new destinations.

These new flights will be in regions where the company anticipates an uptick in leisure travel. Unlike its bigger rivals, JetBlue tends to stick to closer to home - focusing mostly on domestic flights and travel to parts of the Caribbean.

In June, in announced a partnership with American Airlines in order to boost flying options out of its two main hubs: New York and Boston.

Bigger rivals - Delta, United and American - are trying to right-size their hobbled businesses with plans to lay off or furlough tens of thousands of employees starting October 1st. The Big Three also scrapped ticket-change fees in an attempt to lure customers back.

JetBlue isn't immune from the ills facing the industry. It expects capacity in the third quarter to be down at least 45 percent compared to the same time last year. And JetBlue predicts it will burn through up to $9 million a day as it keeps flying, with its planes less-than full.


© Reuters 2020
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Financials (USD)
Sales 2020 17 193 M - -
Net income 2020 -9 173 M - -
Net Debt 2020 31 669 M - -
P/E ratio 2020 -0,78x
Yield 2020 0,78%
Capitalization 8 174 M 8 174 M -
EV / Sales 2020 2,32x
EV / Sales 2021 1,52x
Nbr of Employees 110 500
Free-Float 89,5%
Chart AMERICAN AIRLINES GROUP INC.
Duration : Period :
American Airlines Group Inc. Technical Analysis Chart | AAL | US02376R1023 | MarketScreener
Technical analysis trends AMERICAN AIRLINES GROUP INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 21
Average target price 10,89 $
Last Close Price 14,98 $
Spread / Highest target 60,2%
Spread / Average Target -27,3%
Spread / Lowest Target -93,3%
EPS Revisions
Managers
NameTitle
William Douglas Parker Chairman & Chief Executive Officer
Robert D. Isom President
David G. Seymour Senior Vice President-Operations
Derek J. Kerr Chief Financial & Accounting Officer, Executive VP
Maya Leibman Chief Information Officer & Executive VP