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$AAL has named Alison Taylor as SVP - Global Sales. Taylor will join the company later in Sept. from $HOT where she most recently held a similar role. Taylor will lead $AAL's sales team and be responsible for developing all sales and distribution policies worldwide. She will report to Chief Marketing Officer Andrew Nocella.
For 1Q18, $AAL expects TRASM to increase about 2-4% YoY, reflecting expected continued improvement in demand for both business and leisure travel. The company also expects its 1Q18 pre-tax margin excluding special items to be between 2-4%. For 2018, $AAL expects adjusted EPS in the range of $5.50-6.50.
Fort Worth, Texas based aviation giant $AAL posted a 10.7% decline in its profit for 4Q17, hurt by higher cost and expenses. Net income fell to $258MM, while GAAP EPS fell 3.5% to $0.54 per share. Operating revenue, however, jumped 8.28% to $10.6Bil, helped by strong close-in demand and improving yields. $AAL's adjusted EPS rose to $0.95 per share.
$AAL announced addition of more new routes in its 2018 schedule. On Jan. 22, 2018, $AAL will offer the additions for travel starting June 7: Service from Chicago O'Hare Int. Airport (ORD) to Wilkes-Barre/Scranton, Pennsylvania. Additionally, beginning April 4, travelers will have a new Shuttle product to fly between New York LaGuardia and ORD.
$AAL announced addition of more new routes in its 2018 schedule. On Jan. 22, 2018, $AAL will offer the additions for travel starting June 7: Three routes from PHL to Fort Wayne, Indiana; Oklahoma City; and Pensacola, Florida. New service from Charlotte Douglas International Airport and Dallas Fort Worth to Panama City, Florida & South Bend, Indiana.
$DAL, the second largest airline behind $AAL, raised its forecast of 2018 earnings between $6.35 and $6.70 per share, citing benefits from the recent tax law that includes a lower corporate rate. The airline also expects earnings for 1Q18 to range $0.60-0.80 per share, with a 3% system capacity growth.
Lower load factor and withering PRASM plague the fleet-heavy United as the US airline industry enters the year-end quarter. Though American, Delta and Southwest reported huge number of flight cancellation during 3Q17 on the Hurricane impact, all held steady on their numbers with nominal losses. $AAL $DAL $UAL $LUV $ALK
$AAL partners with $MA to collaborate with Stand Up To Cancer (an initiative created to raise funds to accelerate innovative cancer research) this holiday season. Starting Nov. 28, 2017 through Dec. 12, 2017, American will reward AAdvantage members with 25 miles for every dollar donated to this initiative through the Miles to Stand Up program.
Regionally, $AAL stated its domestic PRASM is expected to be positive for the fifth consecutive quarter in 4Q17, helped by its launch of Basic Economy fare. Atlantic performance is expected to be in line with 3Q17, with Pacific improving as $AAL laps the growth of new routes from last year, and expect the Latin entity to be modestly positive.
Aviation giant $AAL's 3Q17 earnings sunk on expense increases and rise in fuel costs. The airline reported a 16% drop in earnings, which declined to $624MM, while diluted EPS dropped 9% to $1.28 per share. Improving yields, however, helped operating revenue to increase 3% to $10.9Bil. On an adjusted basis, $AAL earned $1.42 per share, down 19% YoY.
Aviation company $AAL reported a 4% growth in August traffic. Total capacity advanced 3% to 26Bil 5, and passenger load factor moved up 0.4 percentage points to 83.3%. American Airlines expects total revenue per available seat miles to be flat to up 1% in 3Q17. Pre-tax margin, excluding special items, is currently forecast between 8.5% and 10.5%.
$AAL appointed Neisha Strambler-Butler as VP - Benefits. Strambler-Butler will report to Patrick O'Keeffe, the company's SVP - People. In this role, Strambler-Butler will oversee benefits programs for all American Airlines team members, including health and wellness initiatives.