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 Cancels Seoul Flights on Lower Demand
Read MoreHide Full Article
American Airlines Group Inc. (AAL - Free Report) has suspended service between Dallas and Seoul-Incheon through Apr 24, 2020 due to a drop in demand. With the fast-evolving coronavirus outbreak earlier in the month, the Fort Worth, TX based carrier suspended all U.S. flights to Milan.
Last month, Delta Air Lines, Inc. (DAL - Free Report) temporarily reduced the number of services to and from South Korea. The carrier has reduced flights connecting Seoul with Atlanta and that connecting Detroit with Seattle to five times weekly through Apr 30. Additionally, it suspended service between Minneapolis/St. Paul and Seoul-Incheon through Apr 30.
Amid decreasing air travel demand, American Airlines suspended change and cancellation fees to encourage customers to travel without hesitation, while simultaneously trying to get back its share of the fallen demand. The facility is available on all new ticket purchases through Mar 16. Customers can avail of this benefit up to 14 days prior to travel for scheduled journey through late January 2021.
The facility was first offered by JetBlue Airways last week. Later, several carriers including the likes of Alaska Airlines, the subsidiary of Alaska Air Group (ALK - Free Report) and United Airlines (UAL - Free Report) have joined in.
Passengers booking on JetBlue can avail of the privileges through Mar 11 for travel to be completed by Jun 1, 2020. Alaska Airlines’ passengers can get the same benefit on tickets booked through Mar 12 on travel to be completed by Jun 1. Meanwhile, United Airlines’ customers can apply for a change-fee waiver on bookings through Mar 31. Additionally, customers can cancel tickets (in exchange for another ticket for travel within 12 months of the date of issuance of the ticket) without any change fees.
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
Image: Bigstock
American Airlines Cancels Seoul Flights on Lower Demand
American Airlines Group Inc. (AAL - Free Report) has suspended service between Dallas and Seoul-Incheon through Apr 24, 2020 due to a drop in demand. With the fast-evolving coronavirus outbreak earlier in the month, the Fort Worth, TX based carrier suspended all U.S. flights to Milan.
Last month, Delta Air Lines, Inc. (DAL - Free Report) temporarily reduced the number of services to and from South Korea. The carrier has reduced flights connecting Seoul with Atlanta and that connecting Detroit with Seattle to five times weekly through Apr 30. Additionally, it suspended service between Minneapolis/St. Paul and Seoul-Incheon through Apr 30.
Amid decreasing air travel demand, American Airlines suspended change and cancellation fees to encourage customers to travel without hesitation, while simultaneously trying to get back its share of the fallen demand. The facility is available on all new ticket purchases through Mar 16. Customers can avail of this benefit up to 14 days prior to travel for scheduled journey through late January 2021.
American Airlines Group Inc. Price
American Airlines Group Inc. price | American Airlines Group Inc. Quote
The facility was first offered by JetBlue Airways last week. Later, several carriers including the likes of Alaska Airlines, the subsidiary of Alaska Air Group (ALK - Free Report) and United Airlines (UAL - Free Report) have joined in.
Passengers booking on JetBlue can avail of the privileges through Mar 11 for travel to be completed by Jun 1, 2020. Alaska Airlines’ passengers can get the same benefit on tickets booked through Mar 12 on travel to be completed by Jun 1. Meanwhile, United Airlines’ customers can apply for a change-fee waiver on bookings through Mar 31. Additionally, customers can cancel tickets (in exchange for another ticket for travel within 12 months of the date of issuance of the ticket) without any change fees.
Zacks Rank
American Airlines carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>