American Airline Stock Price, News & Analysis

American Airlines Group reported its Q4 and full-year 2021 results on Jan. 20, 2022, revealing a Q4 revenue of $9.4 billion, a 17% decline from 2019. The net loss stood at $931 million, or ($1.44) per share. For the year, losses totaled $2.0 billion, equating to ($3.09) per share. Despite challenges, the airline transported over 165 million passengers in 2021 and ended the year with $15.8 billion in liquidity. American highlights its operational achievements and strategic goals for recovery and profitability moving forward, announcing leadership changes and sustainability plans.

American Airlines Group Inc. (NASDAQ: AAL) has elected Gregory D. Smith to its board of directors. Smith, aged 55, will be part of the Audit Committee and the Corporate Governance, Public Responsibility and Safety Committee. With over 30 years at Boeing, including roles as Executive Vice President and Chief Financial Officer, he brings significant finance and operational expertise. His extensive background in the aviation industry is expected to be beneficial for the airline. Smith is also a board member of Intel Corporation and other healthcare institutions.

American Airlines Group (NASDAQ: AAL) announced it will hold a live webcast of its fourth-quarter and full-year 2021 financial results conference call on January 20 at 7:30 a.m. CST. This call will be available for public access in a listen-only format on their investor relations website. An archive of the call will be accessible until February 20, 2022. Shares of American Airlines are included in the S&P 500, emphasizing its significance in the market.

American Airlines Group (AAL) has announced a tax benefit preservation plan to safeguard its estimated $16.5 billion in U.S. federal net operating loss carryforwards. This plan is designed to prevent any ownership changes that could limit the company's ability to utilize these tax benefits. Each outstanding share of common stock will receive a dividend of one preferred stock purchase right, exercisable if any entity acquires 4.9% or more of AAL's stock without Board approval. The rights protect shareholder value while remaining non-taxable. The plan requires NASDAQ approval.

JetBlue (NASDAQ: JBLU) and American Airlines (NASDAQ: AAL) have announced a significant expansion of their Northeast Alliance, introducing nine new routes from New York and Boston. Notable new destinations include Vancouver and Asheville, with JetBlue launching its first-ever service to Canada. JetBlue plans record service levels in the Northeast, with up to 300 daily departures from JFK, 195 of which will be JetBlue flights. American adds its first nonstop service to Doha. Introductory fares are available, with tickets on sale starting December 20.

An American Airlines flight attendant, Kimberly Goesling, calls for changes in the airline's handling of sexual assault cases after alleging she was assaulted by a hired celebrity chef. In a letter to CEO Doug Parker, she announced her retirement after over 30 years with the airline and described her experience of inadequate support following the incident. Goesling's lawsuit highlights the airline's failure to conduct proper background checks and provide promised treatment. Her case is set for trial on January 24, 2022.

American Airlines Group (NASDAQ: AAL) announced the retirement of Elise Eberwein, an influential leader with 35 years in the airline industry, effective June 30, 2022. Eberwein will transition her responsibilities to Cole Brown and Ron DeFeo. Executives praised her contributions, emphasizing her commitment to frontline staff and the company’s culture. Eberwein expressed confidence in the leadership team to guide the company into a successful future. The airline's focus remains on employee welfare and strategic decision-making, reflecting a strong company ethos.

American Airlines Group Inc. (NASDAQ: AAL) announced a new senior leadership team led by incoming CEO Robert Isom, effective March 31, 2022. Derek Kerr is appointed Vice Chair and retains his role as CFO, overseeing corporate finance and American Eagle operations. Steve Johnson becomes Executive Vice President focusing on strategy and governance. Maya Leibman continues as CIO, leading technology initiatives. The team includes several leaders with diverse expertise aimed at enhancing operational effectiveness and returning the airline to profitability.

American Airlines Group Inc. (NASDAQ: AAL) announced the retirement of CEO Doug Parker, effective March 31, 2022, with Robert Isom, current president, succeeding him. Parker will remain chairman of the board. Isom, who has over 30 years of global industry experience, emphasized the airline's strong position for recovery post-pandemic, supported by its operational leadership. The board expressed confidence in Isom's capabilities during the transition. This strategic leadership change is viewed as a culmination of effective succession planning.