American Airlines Group, Inc. (AAL)
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American Airlines Group, Inc. (AAL)
American Airlines Group, Inc. (AAL)
American Airlines Group, Inc. (AAL)
American Airlines says canceled Boeing 737 Max flights had $140 million impact
American Airlines Group Inc. said in a Wednesday regulatory filing that the canceled Boeing Co. 737 Max flights hurt third-quarter pre-tax income by about…
Do Institutions Own American Airlines Group Inc. (NASDAQ:AAL) Shares?
Every investor in American Airlines Group Inc. (NASDAQ:AAL) should be aware of the most powerful shareholder groups…
Southwest's stock gains after BofA upgrade, American shares fall after downgrade
Shares of Southwest Airlines Co. rose 0.3% in morning trading while American Airlines Group Inc.'s stock fell 0.8%, after BofA Merrill Lynch analyst Andrew…
American Airlines to pay $22.1 million U.S. fine over mail delivery...
American Airlines Group Inc , the largest U.S. airline, will pay $22.1 million to settle claims it falsely reported the times it transferred possession of U.S. mail to foreign postal administrations or other intended recipients, the U.S. Justice Department said on Tuesday.
American, Southwest Airlines bump more passengers after 737 MAX...
American Airlines Group Inc and Southwest Airlines Co are bumping thousands of passengers off airplanes after their Boeing 737 MAX fleet's was grounded in mid-March following two fatal crashes.
American Airlines wins permanent court block against alleged...
A U.S. federal court on Monday issued a permanent injunction against American Airlines Group Inc's mechanics union, which the airline had accused of illegal slowdowns it said had devastated its operations during the peak summer travel season.
View: Billionaire Anil Agarwal's Anglo American trade a gold mine
By Chris HughesIndian billionaire Anil Agarwal may be calling off his charge at Anglo American Plc – but he, his adviser JPMorgan Chase & Co., and the hedge funds that financed him can at least console themselves with the profits they made. The only people who were exposed to any real risk in the adventure look to have been Anglo’s shareholders.Agarwal acquired a roughly 20% stake in 2017, shelling out barely any cash himself. The shares were acquired almost entirely from hedge funds who had borrowed them from other investors, with JPMorgan acting as broker. In return, the funds received an unusual bond issued by the billionaire’s investment vehicle, which would be repaid in the Anglo shares he had acquired. Notably, the structure limited the tycoon’s exposure to the ups and downs of Anglo’s share price.Both sides have done well out of this. First, Agarwal. He has had to pay roughly 420 million pounds ($521 million) of coupons on the bonds. If his Anglo shares went up a lot – as they did – the terms allowed him to keep nearly 10% of his holding on redemption, which was announced on Thursday.
Latest 737 Max glitch found rooted in its software
By Alan LevinAs U.S. government test pilots ran through dozens of flight scenarios on the Boeing Co. 737 Max in recent weeks, a potential failure got their attention.The plane’s flight computer tried to push the aircraft’s nose down repeatedly during a simulator run, prompted by a stream of erroneous flight data. The Federal Aviation Administration pilot concluded commercial pilots might not have time to react and avoid a tragedy in a real plane.That flaw -- the latest discovered on the family of jets involved in two fatal crashes since October triggered by a different failure that pushed their noses down -- was revealed by FAA last month. It threw new uncertainty on the return to flight of the Chicago-based company’s best-selling model and sent its engineers scrambling for a fix.Interviews with people familiar with the failure suggest it triggered multiple, aggressive movements to lower the plane’s nose, which alarmed the FAA pilots and other officials. However, the nose-down motion didn’t occur as a result of a computer hardware fault, according to one of the people, who asked not to be named because he wasn’t authorized to speak about the matter.That would add credibility to Boeing’s assertions that it can fix the issue with a relatively simple software change.“We are confident that is a software update, not a hardware update,” Boeing Chief Executive Officer Dennis Muilenburg said during an earnings call on Wednesday. “It’s an understood update and we’re in the middle of working our way through that.”Muilenburg said the company expects it can complete a software patch by the end of September, while cautioning that the timeline remains uncertain.
Vodafone shares surge on possible tower IPO as Anglo American hit by stake sale
Vodafone Group rallied after outlining plans to possibly sell its portfolio of 61,700 towers, bolstering London stocks on Friday.
Cairn India Holdings to exit investments in Anglo American Plc
Vedanta Limited's overseas subsidiary Cairn India has exited Anglo American in which it had bought a stake last year from parent trust Volcan Investments for $200 million (Rs 1,431 crore), ahead of the planned schedule, Vedanta announced on Friday. The "unwinding of the structured investment" has come as share prices of Anglo American have doubled since the investment was entered into last year in December. This has returned over a $100 million (Rs 691 crore) worth of net gains to Cairn India during the eight months. The oil and gas exploration subsidiary of Vedanta Reaources had agreed to invest a total of $540 million in the company over a period of time. "We are pleased this structured investment has achieved superior return for CIHL, as we expected when it was entered into," Srinivasan Venkatakrishnan, CEO of Vedanta Ltd said. "The unwinding reflects our disciplined approach to treasury management and capital allocation together with our commitment at all times to act in the interest of all shareholders," said Venkatakrishnan.
Delta Air Lines (DAL) earnings preview: time for the stock to bounce back?
Delta Air Lines Inc. (DAL) is expected to report earnings on July 12 before market open. What are the DAL earnings expectations? What news will the market be watching out for?