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American Airlines (AAL) maintains its position as a global aviation leader through continuous innovation and operational excellence. This dedicated news hub provides investors and industry professionals with essential updates on strategic developments, financial performance, and service enhancements.
Access timely information about quarterly earnings announcements, fleet modernization progress, and strategic alliance formations. Our curated collection includes official press releases covering safety initiatives, technology investments like sustainable aviation projects, and customer experience improvements.
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American Airlines Group announced a public offering of 38,500,000 shares of its common stock (AAL) priced by BofA Securities. The offering aims to bolster the company's liquidity. There is a 30-day option for underwriters to buy an additional 5,775,000 shares. The offering is set to close on November 12, 2020, pending standard conditions. Investors are encouraged to review related SEC filings for complete information.
American Airlines Group Inc. (NASDAQ: AAL) has announced a proposed public offering of 38,500,000 shares of its common stock. The underwriter, BofA Securities, has a 30-day option to purchase an additional 5,775,000 shares. The proceeds will be utilized for general corporate purposes and to enhance liquidity. Investors are encouraged to review the filed registration statement and prospectus for detailed information. This announcement does not constitute an offer to sell or solicit any purchase of shares in jurisdictions where it would be unlawful.
American Airlines Group (NASDAQ: AAL) President Robert Isom will present at the 2020 Baird Global Industrial Conference on Nov. 12 at 10:50 a.m. ET. The presentation will be available via a live audio webcast at aa.com/investorrelations.
American Airlines Group, included in the S&P 500, aims to care for people on life's journey.
American Airlines Group Inc. (NASDAQ: AAL) reported a third-quarter 2020 revenue of $3.2 billion, reflecting a 73% decline year-over-year due to a 59% reduction in available seat miles (ASMs). The company faced a pretax loss of $3.1 billion and a net loss of $2.4 billion, or ($4.71) per share. However, it ended the quarter with $13.6 billion in liquidity and increased its loan capacity to $7.5 billion. American Airlines is taking steps to enhance safety and customer confidence while reducing costs and preserving liquidity amid the pandemic.
American Airlines Group Inc. (NASDAQ: AAL) has appointed Douglas M. Steenland, age 69, to its board of directors, where he will also serve on the finance and compensation committees. Steenland, who previously held senior roles at Northwest Airlines, including CEO, brings significant airline and travel industry experience. His insights are expected to be valuable for the company’s future endeavors. Steenland is currently the non-executive chairman at American International Group and the lead independent director for Hilton Worldwide Holdings.
American Airlines Group (AAL) will host a live webcast of its Q3 2020 financial results conference on Oct. 22, 2020, at 7:30 a.m. CDT. The webcast will be accessible to the public for listening, with an archived version available until Nov. 22, 2020. This event highlights the airline's ongoing efforts to engage with investors and analysts regarding its financial performance amidst challenging market conditions.
American Airlines Group President Robert Isom will present at the 2020 Cowen Global Transportation & Sustainable Mobility Conference on September 9 at 10 a.m. EDT. A live audio webcast will be available at aa.com/investorrelations.
American Airlines Group trades on NASDAQ under the symbol AAL and is included in the S&P 500. For updates, visit news.aa.com.
American Airlines Group reported a significant second-quarter net loss of $2.1 billion, equating to ($4.82) per share, amid challenges due to COVID-19. The company boosted its liquidity by $3.6 billion, ending the quarter with approximately $10.2 billion available. Notably, a $4.75 billion secured loan from the U.S. Treasury is anticipated to finalize in Q3. Despite some recovery in passenger demand, load factors remain below 2019 levels, and the airline expects a 60% decrease in system capacity year-over-year for Q3.
American Airlines Group (NASDAQ: AAL) will host a live audio webcast for its second-quarter 2020 financial results conference call on July 23 at 7:30 a.m. CDT. This event will allow analysts and journalists to gain insights into the company's performance. The public can listen via aa.com/investorrelations, with an archived recording available until August 23. The company, included in the S&P 500, emphasizes its commitment to serving passengers on their journeys.
American Airlines (AAL) has priced $2.5 billion in senior secured notes due 2025 with an interest rate of 11.75%, up from a previous offering of $1.5 billion. The funds will be used to refinance a term loan and enhance liquidity. The notes are backed by a pool of slots, gates, and routes for international operations. The offering is expected to close on June 30, 2020. The company decided against a $500 million term loan facility due to high investor demand. These notes are being offered only to qualified institutional buyers and non-U.S. persons, with no public registration.
