Shares rose 2% in premarket trading to $38.90 as profit topped Wall Street estimates.
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He noted that the “big concern” in 2015 was how much disruption major integration steps in the American-US Airways merger process, such as the October cutover to a single reservations system, would cause.
American Airlines Group (NASDAQ:AAL) reported record Q4 net profit of $1.3 billion, or $2 per diluted share, up from $1.52 for Q4 of past year, and beating out the Capital IQ estimate of $1.97. The consensus price target from Thomson Reuters was $54.54 before the earnings announcement. Analyst had a consensus of $2.72. That was three cents above analyst expectations. This was up from $1.10 billion, or $1.52 per share, in last year’s fourth quarter. During the same quarter in the previous year, the company posted $1.66 EPS.
American Airlines enters 2016 well-positioned for the future.
LATAM Airlines Group S.A. (NYSE:LFL) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks Investment Research. On Dec 15, 2015, Maya Leibman (EVP Chief Information Officer) sold 19,778 shares at 42.76 per share price. The shares were sold at an average price of $41.60, for a total transaction of $2,526,825.60.
American saw a 17 percent drop in passenger unit revenue in Latin America, particularly in Brazil and Venezuela due to weak economies and currency devaluation. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. (NASDAQ:AAL) is a holding company and its wholly-owned subsidiaries include American Airlines, Inc. Post opening the session at $39.61, the shares hit an intraday low of $37.66 and an intraday high of $39.79 and the price vacillated in this range throughout the day.
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“It’s hard to imagine that just two years ago American Airlines was emerging from bankruptcy, ” Doug Parker, American’s chairman and CEO said in an earnings call Friday with investors and media. The company has a market cap of $24,041 million and the number of outstanding shares have been calculated to be 630,325,540 shares.
