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American Airlines (AAL) Boosts Summer Schedule on Higher Demand
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American Airlines Group (AAL - Free Report) is boosting its domestic and international schedules for summer as it is seeing “strong demand.” After being significantly suppressed for the most part of 2020, air-travel demand is improving in 2021 with Americans getting vaccinated and travel restrictions easing.
American Airlines expects its summer domestic capacity to be more than 90% of 2019 level. Meanwhile, international capacity is anticipated to be 80% of summer 2019 level.
On the domestic front, the carrier plans to widen its connectivity to Orlando, FL, offering customers nonstop services from Birmingham, AL; Dayton, OH; Indianapolis, IN and Louisville, KY, among other places. These services will operate on Saturdays, beginning Jun 5. Among other services, the carrier will also launch widebody service from Miami, FL to Los Angeles and New York.
While “international demand has been slower to recover”, American Airlines said that it will continue to offer more flights to several destinations in Latin America and the Caribbean. From Miami, the airline will offer services to Cali, Medellin and Bogota in Colombia; Guayaquil, Ecuador; Lima, Peru; San Juan, Puerto Rico, and some other destinations, this summer. On the whole, the Fort Worth, TX-based company will operate more than 150 new routes this summer.
On Apr 13, American Airlines, carrying a Zacks Rank #4 (Sell), provided an investor update, wherein it stated that it had witnessed positive cash burn (on an adjusted basis) in March. This can be linked to the recent uptick in travel demand owing to increased vaccinations and easing coronavirus-led restrictions. Previously, United Airlines (UAL - Free Report) , carrying a Zacks Rank #3 (Hold), revealed that it generated positive average daily core cash flow in March due to acceleration in customer demand for travel and new bookings in the month.
Shares of Navios Maritime Partners and Landstar System have rallied more than 200% and 66% in a year’s time, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
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American Airlines (AAL) Boosts Summer Schedule on Higher Demand
American Airlines Group (AAL - Free Report) is boosting its domestic and international schedules for summer as it is seeing “strong demand.” After being significantly suppressed for the most part of 2020, air-travel demand is improving in 2021 with Americans getting vaccinated and travel restrictions easing.
American Airlines expects its summer domestic capacity to be more than 90% of 2019 level. Meanwhile, international capacity is anticipated to be 80% of summer 2019 level.
On the domestic front, the carrier plans to widen its connectivity to Orlando, FL, offering customers nonstop services from Birmingham, AL; Dayton, OH; Indianapolis, IN and Louisville, KY, among other places. These services will operate on Saturdays, beginning Jun 5. Among other services, the carrier will also launch widebody service from Miami, FL to Los Angeles and New York.
American Airlines Group Inc. Price
American Airlines Group Inc. price | American Airlines Group Inc. Quote
While “international demand has been slower to recover”, American Airlines said that it will continue to offer more flights to several destinations in Latin America and the Caribbean. From Miami, the airline will offer services to Cali, Medellin and Bogota in Colombia; Guayaquil, Ecuador; Lima, Peru; San Juan, Puerto Rico, and some other destinations, this summer. On the whole, the Fort Worth, TX-based company will operate more than 150 new routes this summer.
On Apr 13, American Airlines, carrying a Zacks Rank #4 (Sell), provided an investor update, wherein it stated that it had witnessed positive cash burn (on an adjusted basis) in March. This can be linked to the recent uptick in travel demand owing to increased vaccinations and easing coronavirus-led restrictions. Previously, United Airlines (UAL - Free Report) , carrying a Zacks Rank #3 (Hold), revealed that it generated positive average daily core cash flow in March due to acceleration in customer demand for travel and new bookings in the month.
Key Picks
Some better-ranked stocks in the broader Transportation sector are Navios Maritime Partners (NMM - Free Report) and Landstar System (LSTR - Free Report) . While Navios Maritime Partners sports a Zacks Rank #1 (Strong Buy), Landstar System carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Navios Maritime Partners and Landstar System have rallied more than 200% and 66% in a year’s time, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>