Airline trade group Airlines for America honored American Airlines Group Inc (NASDAQ:AAL) executive David Seymour with the Engineering, Maintenance and Materiel Council 2015 Nuts and Bolts Award, which recognizes exceptional service contributions in commercial aviation engineering or maintenance.
Seymour, American’s senior vice president, Technical Operations, received the award, now in its 49th year, at the annual MRO Americas Conference in Miami Beach, Fla. Seymour was this year’s winner in the individual airline category.
“David was selected on the strength of his nomination and his reputation in the industry,” said Robert Ireland, Managing Director, Engineering and Maintenance for A4A. “The EMMC had many great nominations this year, however, we were really impressed that David helped bring together two teams from two different airlines, all while improving operational performance and continuing to remain focused on safety.”
“This honor demonstrates David’s commitment to the solid foundation of safety and compliance that American is built on,” said Robert Isom, COO, American Airlines. “Thanks to his leadership, our Technical Operations team is well-positioned to support the largest airline in the world and has improved our reliability at the same time it was playing a key role in helping American achieve a single operating certificate from the Federal Aviation Administration. I am glad that our industry colleagues have chosen to recognize David for his contributions.”
Seymour brings more than two decades of logistics and operational experience to American Airlines. He is a graduate of the United States Military Academy at West Point and Northwestern University and served in the U.S. Army as an infantry officer before starting his aviation career with America West Airlines in 1999. He held several management positions at US Airways after its merger with America West in 2005.
(Editor’s Note: The name of the group presenting the award, the Engineering, Maintenance and Materiel Council, is spelled correctly. “Materiel” in the commercial distribution context comprises the items being moved by the services of or as the products of the business, as distinct from those involved in operating the business itself.) (Original Source)
Shares of American Airlines opened today at $47.81 and are currently trading up at $48.8199. 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 $50.04 and its 200-day moving average is $46.69.
On the ratings front, American Airlines has been the subject of a number of recent research reports. In a report issued on April 1, Deutsche Bank analyst Michael Linenberg downgraded AAL to Hold, with a price target of $58, which implies an upside of 21.3% from current levels. Separately, on February 24, Cowen’s Helane Becker downgraded the stock to Hold and has a price target of $55.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Linenberg and Helane Becker have a total average return of 27.9% and 33.5% respectively. Linenberg has a success rate of 66.7% and is ranked #86 out of 3572 analysts, while Becker has a success rate of 80.0% and is ranked #15.
The street is mostly Bullish on AAL stock. Out of 14 analysts who cover the stock, 10 suggest a Buy rating and 4 recommend to Hold the stock. The 12-month average price target assigned to the stock is $61.82, which implies an upside of 29.3% from current levels.
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.