Wired News - American Airlines to Phase Out Plastic Straws and Stir Sticks

LONDON, UK / ACCESSWIRE / July 13, 2018 / If you want access to our free research report on American Airlines Group Inc. (AAL), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AAL as the Company's latest news hit the wire. On July 10, 2018, the Company announced that is has taken an initiative to eliminate plastic straws from its lounges in order to reduce the amount of plastic used onboard its planes and in its lounges. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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American Airlines to Replace Plastic Straws with Wood Stir Sticks

The Company will instead serve drinks with biodegradable, eco-friendly straws and wood stir sticks. American Airlines will also begin transitioning to all eco-friendly flatware within lounges. In November 2018, the Company will replace plastic straws/stir sticks that are offered during onboard beverage service with a stir stick made of sustainable and environmentally-friendly bamboo. With these changes, American Airlines will eliminate more than 71,000 pounds of plastic per year.

American Airlines Remains Committed to Doing its Part to Sustain the Planet for Future Generations of Travelers

Commenting on the announcement, Jill Surdek, Vice President, Flight Service at American Airlines, expressed that the airline is very excited and proud to share this initiative with its team members and customers. Surdek added that American Airlines is cognizant of its impact on the environment and remains committed to doing its part to sustain the planet for future generations of travelers.

American Airlines' Environmental Sustainability Efforts

American Airlines' onboard environmental sustainability efforts go back to 1989, when the airline's flight attendants started the industry's first onboard recycling program. Through this program, American Airlines recycles hundreds of thousands of pounds of aluminum per year, with proceeds going to The Wings Foundation, which is a charitable organization administered by active American Airlines flight attendants to assist fellow flight attendants in times of need. American Airlines also transitioned away from plastic foam cups to paper cups in 2015.

Starbucks' Move to Eliminate the Use of Plastic Straws by 2020

On July 09, 2018, Starbucks Coffee Co., a large food and beverage retailer, announced that it would eliminate single-use plastic straws by 2020 from its more than 28,000 Company-operated and licensed stores by making a straw-less lid or alternative-material straw options available, around the world. It is anticipated that the move would eliminate more than one billion plastic straws per year from Starbucks stores.

Starbucks has designed, developed, and manufactured a straw-less lid, which will become the standard for all iced coffee, tea, and espresso beverages. Starbucks goal to eliminate plastic straws by 2020 from their stores globally represents the Company's forward thinking in tackling the material waste challenge in totality.

About American Airlines Group Inc.

Founded in 1934 and headquartered in Fort Worth, Texas, American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members serve nearly 1,000 destinations with 14,250 daily flights to 150 countries.

Stock Performance Snapshot

July 12, 2018 - At Thursday's closing bell, American Airlines Group's stock rose 1.03%, ending the trading session at $36.33.

Volume traded for the day: 12.19 million shares, which was above the 3-month average volume of 6.40 million shares.

After yesterday's close, American Airlines Group's market cap was at $16.86 billion.

Price to Earnings (P/E) ratio was at 6.52.

The stock has a dividend yield of 1.10%.

The stock is part of the Services sector, categorized under the Major Airlines industry. This sector was up 0.8% at the end of the session.

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