American Airlines Group Inc (NASDAQ:AAL) plans to add eight new routes throughout Mexico, the Caribbean and Latin America later this year, further strengthening its position in these key regions and providing customers with increased options when traveling to these destinations. Expanded service includes new flights to Mexico City International Airport (MEX); General Rafael Buelna International Airport (MZT) in Mazatlan, Mexico; Curacao International Airport (CUR); Sangster International Airport (MBJ) in Montego Bay, Jamaica; Punta Cana International Airport (PUJ); Gregorio Luperon International Airport (POP) in Puerto Plata, Dominican Republic; and Mariscal Sucre International Airport (UIO) in Quito, Ecuador, pending regulatory approvals.
“As the premier carrier to Mexico, the Caribbean and Latin America with flights to 85 destinations, these additions highlight our commitment to providing our customers with a network that is second to none,” said Art Torno, American’s senior vice president for Mexico, the Caribbean and Latin America. “We are committed to each country we serve, and these new routes allow us to contribute to and further promote travel and tourism to and from the region.”
American also plans to reinstate its service between New York’s John F. Kennedy Airport (JFK) and Simon BolívarInternational Airport (CCS) in Caracas, Venezuela, on Dec. 17. Flights will operate five times per week withBoeing 757 aircraft. Those flights are now available for bookings.
Customers traveling to these destinations will have the ability to connect through American’s hubs in Charlotte,Chicago, Dallas/Fort Worth, Los Angeles and New York from nearly 200 destinations worldwide. With these new routes, American will operate more than 1,750 weekly flights throughout Mexico, the Caribbean and Latin America–more service than any other airline.
In addition to the 85 destinations throughout Mexico, the Caribbean and Latin America, American has servedCuba since 1991 with charter flights from Miami and Tampa to five destinations in Cuba – Camagüey, Cienfuegos, Havana, Holguín and Santa Clara. For more information about American’s charter service to Cuba, please visit aa.com/visitcuba.
American is investing $2 billion in planned improvements to give customers a superior travel experience around the world. These capital investments include fully lie-flat seats; international Wi-Fi; more in-flight entertainment options and power outlets and a new, modern design for Admirals Club lounges worldwide.
American is taking delivery of more than 100 new aircraft this year, giving it the youngest fleet of any U.S.-based network carrier. Aircraft to be delivered in the coming years include the Airbus A320 and A320neo family, A350-900, Boeing 737, 737 MAX, 777-300ER and 787, which will make American’s fleet even younger, more modern and fuel efficient. (Original Source)
Shares of American Airlines Group opened today at $41.96 and are currently trading up at $42.41. AAL has a 1-year high of $56.20 and a 1-year low of $28.10. The stock’s 50-day moving average is $41.07 and its 200-day moving average is $47.76.
On the ratings front, AAL has been the subject of a number of recent research reports. In a report issued on June 25, UBS analyst Darryl Genovesi maintained a Hold rating on the stock, with a price target of $43, which represents a slight upside potential from current levels. Separately, on June 18, Barclays’ Isaac Husseini maintained a Buy rating on AAL and has a price target of $58.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Darryl Genovesi and Isaac Husseini have a total average return of 12.3% and -9.7% respectively. Genovesi has a success rate of 50.0% and is ranked #1387 out of 3694 analysts, while Husseini has a success rate of 33.3% and is ranked #3041.
In total, 3 research analysts have assigned a Hold rating and one research analyst has given a a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $70.00 which is 66.8% above where the stock opened today.
American Airlines Group Inc, through its subsidiaries, operates in the airline industry. The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C.