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OFFON

AMERICAN AIRLINES GROUP INC.

(AAL)
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American Airlines Says Justice Dept Antitrust Suit Is Without Merit

09/22/2021 | 06:05am EDT

By Matt Grossman

American Airlines Group Inc. on Wednesday reiterated its opposition to a Department of Justice antitrust lawsuit that alleges its partnership with JetBlue Airways Corp. is anticompetitive.

"American believes the complaint is without merit and will defend itself vigorously," the airline said in a Securities and Exchange Commission filing.

The lawsuit, which is joined by six states and the District of Columbia, alleges that a partnership between the airlines to market each other's flights on certain routes is a maneuver to consolidate the airlines' control over the industry.

American Airlines Chief Executive Doug Parker and JetBlue CEO Robin Hayes criticized the lawsuit, saying the partnership helps the airlines better serve customers by expanding low-fare offerings and making more long-haul international flights from New York viable for American.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

09-22-21 0805ET

Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. -3.72% 19.15 Delayed Quote.21.43%
JETBLUE AIRWAYS CORPORATION -1.48% 14.64 Delayed Quote.0.69%
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Analyst Recommendations on AMERICAN AIRLINES GROUP INC.
More recommendations
Financials (USD)
Sales 2021 29 447 M - -
Net income 2021 -2 232 M - -
Net Debt 2021 32 500 M - -
P/E ratio 2021 -5,40x
Yield 2021 -
Capitalization 12 399 M 12 399 M -
EV / Sales 2021 1,52x
EV / Sales 2022 1,01x
Nbr of Employees 119 800
Free-Float 98,1%
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
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Last Close Price 19,15 $
Average target price 20,03 $
Spread / Average Target 4,57%
EPS Revisions
Managers and Directors
William Douglas Parker Chairman & Chief Executive Officer
Robert D. Isom President
Derek J. Kerr Chief Financial & Accounting Officer, Executive VP
Maya Leibman Chief Information Officer & Executive VP
Kevin Brickner Senior Vice President-Technical Operations