The Latest Breaking News from AAL

Someone with a lot of money to spend has taken a bullish stance on American Airlines Group (NASDAQ:AAL). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

American Airlines Group Inc (NYSE:AAL) reported a fourth-quarter FY21 operating revenue decline of 17% to $9.43 billion versus 4Q19, beating the consensus of $9.37 billion. Adjusted EPS loss narrowed to $(1.42) compared to $(3.86) in 4Q20, beating consensus of $(1.47). The airlines reported an operating loss of $(780) million, compared to $(2.52) billion…

Some of the stocks that may grab investor focus today are: Wall Street expects American Airlines Group Inc. (NASDAQ: AAL) to report quarterly loss at $1.47 per share on revenue of $9.37 billion before the opening bell. American Airlines shares slipped 0.3% to $17.26 in pre-market trading.

Rising COVID-19 cases caused the airline industry to suffer flight and ticket cancellations during the holiday season. But because the situation is expected to ease in the near term, American Airlines (AAL) and Alaska Air (ALK) should benefit. But which of these stocks is a better buy now? Read more…