American Airlines Group Inc (NASDAQ:AAL) reported April 2015 and year-to-date traffic results.
American Airlines Group’s total revenue passenger miles (RPMs) for the month were 18.1 billion, down 0.3 percent versus April 2014. Total capacity was 22.1 billion available seat miles (ASMs), up 1.3 percent versus April 2014. Total passenger load factor was 81.6 percent for the month of April, down 1.3 percentage points versusApril 2014.
Based on one month of actual data and two months of forecast, the Company continues to expect its second quarter 2015 consolidated passenger revenue per available seat mile (PRASM) to be down approximately 4 to 6 percent. Due to the recent rise in crude oil prices, the Company is currently forecasting its second quarter fuel price to be approximately 10 cents higher than its previous guidance. The Company currently estimates that its second quarter fuel price will be $1.94 to $1.99 per gallon. As a result, the Company now expects its second quarter pretax margin excluding special items to be between 17 and 19 percent. (Original Source)
Shares of American Airlines closed last Friday at $49.04 . 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 $49.83 and its 200-day moving average is $48.69.
On the ratings front, American Airlines has been the subject of a number of recent research reports. In a report issued on April 27, Imperial analyst Bob McAdoo maintained a Buy rating on AAL, with a price target of $82, which implies an upside of 67.2% from current levels. Separately, on April 1, Deutsche Bank’s Michael Linenberg downgraded the stock to Hold 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, Bob McAdoo and Michael Linenberg have a total average return of 27.8% and 29.5% respectively. McAdoo has a success rate of 73.9% and is ranked #23 out of 3596 analysts, while Linenberg has a success rate of 69.4% and is ranked #53.
In total, 2 research analysts have assigned a Hold rating and 2 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 $49.04 which is 32.0% above where the stock closed last Friday.
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.