Why Are Talks About AAL Sparking Now?

Why Are Talks About AAL Sparking Now?

American Airlines Group, also proved to be operating the world’s largest airline, is a joint-stock company with its headquarters in Texas. The company’s shares are dealt with on recognized exchanges worldwide and are available for the general public to invest in and trade. The company has been running since 2013 and was formed by the merger of AMR Corporation and US Airways Group. The group secured the 70th position based purely on its revenue in 2019 on the Fortune 500 list, compiling the largest corporations in the United States. American Airlines Group has the largest number of passengers who fly every day, the largest fleet size, and the distance (kilometers) that the fleet cover. The company has around 350 destinations all over the world and produces/flies around 6,700 flights every day, according to 2013 data.

What Does the American Airlines Group Do?

By now, you know that the company is in the airline business. You must have known that the second you read the name. The company provides you with flights to fly from one place (origin) to another (destination) at affordable rates. You can buy tickets online for the day that you want to fly. It is a simple procedure: you decide how many tickets you will need, then enter your details/information (name, age, gender, etc.), pay for the tickets, and you have booked the tickets. Later, it would help if you got your boarding pass and check-in at the airport. You can also check-in online through the website.

Stockmarkets: Ahead of Market: 12 things that will decide stock action on  Monday - The Economic Times

What About the Financials?

Yes, they say that you should not depend wholly on a company’s financial data, but you certainly should not depend wholly on the fundamental information either. It would help if you made a mix of both and then decide on your own whether the company is good or bad. As already mentioned, the general public can trade in the company’s shares. The company is traded on NASDAQ (the second-largest stock exchange after NYSE) under the name AAL. The current market price of this stock is around 12 USD. The reason for the decline in the stock, as with other companies, is the covid-19 pandemic. The world altogether got a massive scare about flights and how quickly the virus can contaminate people.

Thus, there was a steep decline in AAL’s prices and revenue in the first quarter of 2020, and it still loos difficult for it to jump back up and revive its financial position soon. It will take some time. However, now the company has taken multiple steps to ensure the standard of safety of the passengers. You can get more information like cash flow at https://www.webull.com/cash-flow/nasdaq-aal.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Steffy Alen

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