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American Airlines Group Inc. (AAL)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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12.29+0.04 (+0.33%)
At close: 4:00PM EDT

12.45 +0.16 (1.30%)
Before hours: 4:57AM EDT

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Trade prices are not sourced from all markets
Previous Close12.25
Open12.32
Bid0.00 x 28000
Ask12.50 x 27000
Day's Range12.22 - 12.91
52 Week Range8.25 - 31.67
Volume65,428,134
Avg. Volume67,622,337
Market Cap6.189B
Beta (5Y Monthly)1.75
PE Ratio (TTM)N/A
EPS (TTM)-8.02
Earnings DateOct. 22, 2020 - Oct. 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb. 04, 2020
1y Target Est11.31
  • U.S. Treasury says it has closed loans to seven major airlines
    Reuters

    U.S. Treasury says it has closed loans to seven major airlines

    The U.S. Treasury said on Tuesday it had closed loans to seven large airlines hit hard by the coronavirus pandemic and urged Congress to save tens of thousands of airline jobs by extending billions in payroll assistance. The Treasury said in a statement the seven carriers were Alaska Airlines, American Airlines, Frontier Airlines, JetBlue Airways Corp , Hawaiian Airlines, SkyWest Airlines and United Airlines.

  • United, American Airlines Among Carriers Taking Covid Loans
    Bloomberg

    United, American Airlines Among Carriers Taking Covid Loans

    (Bloomberg) -- American Airlines Group Inc. and United Airlines Holdings Inc. are among seven carriers taking federal loans that are capped at $7.5 billion apiece, the Treasury Department announced late Tuesday.Accepting federal loans is seen as a last resort if no other funding comes through because of the government’s restrictions. Companies accepting federal loans are required to put a cap on executive compensation offer equity or other financial stakes to the government in exchange for the aid.Nearly all major airlines signed letters of intent in July to tap the $25 billion loan fund carved out in the Cares Act to help an industry reeling from the pandemic.The Treasury Department did not layout how much each carrier is borrowing. American announced earlier that it will take a $5.48 billion loan backed by its loyalty program. That’s increased from an original proposal to take $4.75 billion, until other airlines found financing elsewhere.Alaska Airlines, Frontier Airlines, JetBlue Airways Corp., Hawaiian Airlines and SkyWest Airlines also accepted the loans.Southwest Airlines Co., Delta Air Lines Inc. and others opted not to because they found financing in private markets, leaving more federal bailout money for a smaller number of carriers to tap. The Treasury Department limited the funds to no more than 30% of the total program for an individual carrier.The airline industry is not expecting a rebound anytime soon. American sees third quarter revenue down 75% from a year earlier, and a 65% drop in the fourth quarter.Airlines seeking the loans have until the end of Wednesday to finalize the terms with the Treasury Department.The Covid-19 pandemic has ravaged the airline industry, with Treasury Secretary Steven Mnuchin repeatedly saying that it is among the few parts of the economy that urgently needs additional federal support.Mnuchin’s team earlier this year doled out funds from a separate part of the Cares Act called the Payroll Support Program. In exchange for a share of the $25 billion funds, which was given as a combination of loan and grant money, companies promised not to furlough or lay off employees until Sept. 30.That deadline is approaching with Congress still at an impasse on more stimulus for the economy.As many as 50,000 jobs are at stake if the government cannot extent that program, according to White House chief of staff Mark Meadows, who met with airline executives earlier this month.(Updates with additional details from fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Airline, hotel industry reps both say their rebound depends on the return of business travel
    Yahoo Finance

    Airline, hotel industry reps both say their rebound depends on the return of business travel

    Business travel is still very much at a standstill amid the COVID-19 pandemic.