American Airlines Group Inc (NASDAQ:AAL) announced the appointment of Alison Taylor to Senior Vice President – Global Sales. Taylor will be joining American later this month from Starwood Hotels & Resorts Worldwide where she most recently served in a similar role.
“Alison has built and led world-class sales teams throughout her career,” said Andrew Nocella, American’s Senior Vice President – Network Planning, Alliances & Sales. “Her approach to leadership and evolving sales organizations is exactly the kind of fresh thinking we were looking for and fits well with where American is heading. We are thrilled to have Alison step into this critical leadership role.”
Taylor will lead American’s sales team and be responsible for developing all sales and distribution policies worldwide. Additionally, Taylor will manage the airline’s relationships with corporate customers and travel agencies. She will report to Nocella.
Taylor has nearly 30 years of sales experience and has held various leadership roles over the course of her career that saw her work in six countries across Asia-Pacific. In her most recent post as Senior Vice President – Global Sales Organization at Starwood, Taylor led the company’s business-to-business sales strategy and directed the company’s sales team of more than 5,000 associates around the world. Prior to that role, she held two leadership roles in the Asia-Pacific region: Senior Vice President – Sales and Revenue Management, and Vice President – Sales, Revenue Management and Digital Marketing. (Original Source)
Shares of American Airlines closed today at $35.44, down $0.05 or -0.14%. AAL has a 1-year high of $47.09 and a 1-year low of $24.85. The stock’s 50-day moving average is $36.11 and its 200-day moving average is $35.44.
On the ratings front, AAL stock has been the subject of a number of recent research reports. In a report issued on September 14, UBS analyst Darryl Genovesi downgraded AAL to Hold, with a price target of $38, which represents a potential upside of 6.6% from where the stock is currently trading. Separately, on September 12, Credit Suisse’s Julie Yates reiterated a Sell rating on the stock and has a price target of $34.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Darryl Genovesi and Julie Yates have a total average return of 6.7% and -6.4% respectively. Genovesi has a success rate of 45% and is ranked #1273 out of 4163 analysts, while Yates has a success rate of 32% and is ranked #3782.
Overall, 2 research analysts have rated the stock with a Sell rating, 3 research analysts have assigned a Hold rating and 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $41.50 which is 16.4% above where the stock opened today.
American Airlines Group, Inc. is a holding company whose business activity is the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The company provides air transportation for passengers and cargo. It cargo division provides a range of freight and mail services, with facilities and interline connections available across the globe.