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Indra Bhattacharjee's Avatar
published in Blogs
Mar 11, 2019

American Airlines (AAL, $31.91) removes over 12 jets due to faulty interiors

American Airlines has cancelled more than a dozen of its Boeing 737 jets after some of its newly installed overheads bins would not close before the take-off. The result was nearly 40 canceled flights.

The airline recently embarked on an interior remodeling project of its Boeing 737-800 called ‘Project Oasis’ that would add more seats, more power sockets and bigger overhead bins in order to increase revenue for each flight. AAL is also one of the many airlines who had recently adopted this strategy to enhance revenue.

The remodeling was done by a third party vendor called Everett, a Washington-based Aviation Technical Services licensed by the Federal Aviation Administration. Besides the overhead bins, other problems such as loose bolts were also flagged up.

Since the work completed on these Boeing aircrafts were not up to the mark, 12 more such jets were taken out of service to evaluate the quality of work done. So far, American has remodeled close to 70 of the 304 Boeing 737-800s it has in operation.

Related Ticker: AAL

AAL's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for AAL turned positive on March 22, 2024. Looking at past instances where AAL's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 22, 2024. You may want to consider a long position or call options on AAL as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

AAL moved above its 50-day moving average on March 20, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AAL crossed bullishly above the 50-day moving average on April 01, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The 50-day moving average for AAL moved above the 200-day moving average on February 29, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAL advanced for three days, in of 294 cases, the price rose further within the following month. The odds of a continued upward trend are .

AAL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 174 cases where AAL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AAL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (107.738). P/E Ratio (12.731) is within average values for comparable stocks, (19.061). Projected Growth (PEG Ratio) (0.330) is also within normal values, averaging (0.728). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. P/S Ratio (0.210) is also within normal values, averaging (0.972).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AAL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.

Notable companies

The most notable companies in this group are Delta Air Lines (NYSE:DAL), Southwest Airlines Co (NYSE:LUV), United Airlines Holdings (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL), JetBlue Airways Corp (NASDAQ:JBLU).

Industry description

Airlines industry comprises passenger air transportation, including scheduled and non-scheduled routes. This can include charter airlines, as well as regular commuter ones. Discount pricing and the rise of low-cost carriers over recent decades have expanded the industry by making its services accessible to a much larger global population, compared to the older days when airline travel was a relative luxury for many people in the world. Delta Air Lines Inc., Southwest Airlines Co and United Continental Holdings, Inc. are some of the airlines with the largest stock market capitalizations in the U.S.

Market Cap

The average market capitalization across the Airlines Industry is 6.94B. The market cap for tickers in the group ranges from 9.36K to 30.8B. DAL holds the highest valuation in this group at 30.8B. The lowest valued company is KLMR at 9.36K.

High and low price notable news

The average weekly price growth across all stocks in the Airlines Industry was -0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 5%. JETMF experienced the highest price growth at 15%, while FLYX experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Airlines Industry was 7%. For the same stocks of the Industry, the average monthly volume growth was 20% and the average quarterly volume growth was -29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 64
P/E Growth Rating: 67
Price Growth Rating: 51
SMR Rating: 70
Profit Risk Rating: 90
Seasonality Score: -10 (-100 ... +100)
Related Portfolios: TECHNICAL SERVICES
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A.I.Advisor
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published General Information

General Information

a provider of air transportation services for passengers and cargo

Industry Airlines

Profile
Fundamentals
Details
Industry
Airlines
Address
1 Skyview Drive
Phone
+1 682 278-9000
Employees
132100
Web
https://www.americanairlines.in
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