American Airlines Group Inc. (AAL - Free Report) will extend its European reach with a new service to Reykjavik-Keflavik, Iceland. The service is expected to begin on Jun 7 next year, subject to government approval, from the airline’s hub, Dallas/Fort Worth International Airport.
The new service complements the existing ones from Dallas/Fort Worth to Rome and Amsterdam. The carrier offers more than 760 daily flights from Dallas/Fort Worth covering around 200 destinations across 31 countries.
The Boeing 757-200 aircraft will ply on this route. The 176-seater aircraft features lie-flat Business Class seats and a full suite of luxurious products such as Casper bedding and Cole Haan amenity kits in the premium cabin. Tickets on the route will be on sale from Nov 20.
The carrier has been focusing on expanding its European base for quite some time now. Earlier in the year, the airline announced special summer services to Budapest and Prague from Philadelphia, plus an additional flight to Venice from Chicago. The services are scheduled to begin from May 4, 2018.
Zacks Rank & Key Picks
American Airlines carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are International Consolidated Airlines Group SA (ICAGY - Free Report) , Deutsche Lufthansa AG (DLAKY - Free Report) and C.H. Robinson Worldwide, Inc. (CHRW - Free Report) . While International Consolidated Airlines sport a Zacks Rank #1 (Strong Buy), Deutsche Lufthansa and C.H. Robinson carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of International Consolidated Airlines, Deutsche Lufthansa and C.H. Robinson have gained more than 37%, 100% and 8% respectively, in a year.
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