American Airlines’ (AAL) Chief Executive says government aid will be “more than sufficient” covering financial needs
American Airlines (AAL) currently trades at $11.68 and has fallen by 2.30% today. AAL went down $0.27 from the previous closing price of $11.94. The high forecast for American Airlines is $41.00 and the low is $5.00. The company’s market cap is $4.97 billion with a 52 week high of $34.99 and a 52 week low of $9.09. AAL has changed in price by -22.08 per share in the last 12 months. Chief Executive Doug Parker told CNBC on Wednesday that the $10.55 billion it will receive in federal grants and loans should be “more than sufficient” to cover its financing needs, assuming a gradual recovery in demand by the end of the year.
American Airlines has a strong EPS of 3.79. This means the company made $3.79 per share after paying dividends, this can indicate that the stock is a safe investment. EPS is calculated as a company’s profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company’s profitability. It is common for a company to report EPS that is adjusted for extraordinary items and potential share dilution. Based on this information, investorsQ rates this stock 7 out of 10. We give it this rating based on current information written in this article.
About American Airlines:
American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific. The company was founded on December 9, 2013 and is headquartered in Fort Worth, TX.