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UAL Jan 2025 52.500 call
- Yahoo Finance Video
Jefferies downgrades American Airlines, but upgrades United
Jefferies downgraded American Airlines (AAL) from a Buy to a Hold rating as the stock continues to take a hit due to the operator's full-year guidance cut and the announced departure of Chief Commercial Officer Vasu Raja. On the other hand, Jefferies analysts also upgraded United Airlines (UAL) to Buy from Hold on its international travel strengths. Yahoo Finance's Julie Hyman and Josh Lipton examine Jefferies' latest calls on the two major airline operators. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance
American Airlines stock tanks following 'surprising' guidance cut
American Airlines stock is getting hit in midday trade after the company announced the departure of Vasu Raja, its chief commercial officer, and issued revised guidance that was a huge letdown for investors.
- Barrons.com
American Airlines Stock Dives After Guidance Cut. The Sector Is Being Unduly Punished.
More than 2.95 million people were screened at airports across the country Friday, according to Transportation Security Administration data. Despite booming travel demand, American said late Tuesday it now expects adjusted earnings of between $1 and $1.15 per share in the second quarter, down from its previous range of $1.15 to $1.45. American Airlines stock was the worst performer in the on Wednesday, tumbling 14% to $11.62—its largest percent decrease since June 2020.
