American Airlines Group Inc (Nasdaq:AAL)
July 3rd, 2018
Amidst falling markets American Airlines Group Inc finished Wednesday’s trading session down 1.59%, a $0.61 decrease to close on $37.75. As well as the drop in value, American Airlines Group Inc hit a new 52 week low of $36.76, breaking the previous low of $37.06 from earlier this March. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.20. The next earnings report is expected in approximately 22 days.
AAL was outperformed by the rest of the Industrials sector which went down only 0.37%.
American Airlines Group Inc is listed on the S&P 500 index, and was one of 274 stocks that fell today. Weighted by market cap, AAL represents about 0.06% of the S&P 500.
American Airlines Group Inc is listed on NASDAQ 100, and was one of 75 stocks that dropped today. Weighted by market cap, AAL represents about 0.06% of NASDAQ 100.
American Airlines Group Inc Info
American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, D.C. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1934 and is headquartered in Fort Worth, Texas.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that American Airlines Group Inc’s score is 1.20) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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