We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
American Airlines Summer Service to Expand European Base
Read MoreHide Full Article
American Airlines Group Inc. (AAL - Free Report) has announced new flights to Europe, catering to high customer demands for Europe travel during summer. The carrier will offer special summer services to Budapest and Prague from Philadelphia, plus an additional one to Venice from Chicago, beginning May 4, 2018.
Budapest and Prague will be extra destinations on the airlines’ travel route. The carrier currently offers flights connecting Venice from Philadelphia. Earlier in summer this year, the carrier started services to Amsterdam and Rome from Dallas/Fort Worth and to Barcelona from Chicago, thus expanding its European presence. At present, American Airlines along with its joint business partners conducts nonstop flights to 23 European destinations from the United States.
This Zacks Rank #3 (Hold) company has been making constant efforts to extend its global reach. To this end, the airline announced plans to purchase a minority stake in China Southern Airlines (ZNH - Free Report) in March this year. The carrier has invested approximately $200 million in the Hong Kong-listed shares of China Southern.
Notably, focus of the U.S. carriers like American Airlines on the Chinese market is pretty logical, given the projection that China will be the largest aviation market by 2024, thereby overtaking the United States.
Price Performance
American Airlines stock has been performing well of late, on the back of strong second-quarter results. The stock has outperformed its industry in the last three months. Shares of the company have gained 8.42% compared with the industry’s increase of 4.08%.
This announcement is likely to boost the stock further.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Image: Bigstock
American Airlines Summer Service to Expand European Base
American Airlines Group Inc. (AAL - Free Report) has announced new flights to Europe, catering to high customer demands for Europe travel during summer. The carrier will offer special summer services to Budapest and Prague from Philadelphia, plus an additional one to Venice from Chicago, beginning May 4, 2018.
Budapest and Prague will be extra destinations on the airlines’ travel route. The carrier currently offers flights connecting Venice from Philadelphia. Earlier in summer this year, the carrier started services to Amsterdam and Rome from Dallas/Fort Worth and to Barcelona from Chicago, thus expanding its European presence. At present, American Airlines along with its joint business partners conducts nonstop flights to 23 European destinations from the United States.
This Zacks Rank #3 (Hold) company has been making constant efforts to extend its global reach. To this end, the airline announced plans to purchase a minority stake in China Southern Airlines (ZNH - Free Report) in March this year. The carrier has invested approximately $200 million in the Hong Kong-listed shares of China Southern.
With this move, the airline seems to follow the likes of Delta Air Lines, Inc. (DAL - Free Report) , which had similarly purchased a 3.55% stake in China Eastern Airlines (CEA - Free Report) in 2015. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Notably, focus of the U.S. carriers like American Airlines on the Chinese market is pretty logical, given the projection that China will be the largest aviation market by 2024, thereby overtaking the United States.
Price Performance
American Airlines stock has been performing well of late, on the back of strong second-quarter results. The stock has outperformed its industry in the last three months. Shares of the company have gained 8.42% compared with the industry’s increase of 4.08%.
This announcement is likely to boost the stock further.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>