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don't know where i thought we started out with a total of 750 mil shares outstanding, but we can agree we are all looking forward to it, and not gonna let them just forget about it. so lets go guys, we have waited long enough. someone said next court date is AUG? lets hope for a summary judgement or some such answer to our dreams. i don't think either case will rules against AAL. so unless ""billable hours" have depleted it. hoping we get that last sweet surprise GLTA and thanks for all the info
so hypothetically if the are 25M shares left, and there were 750M shares at time, that need paying, that equals 0.03333333 shares per unit, so if i original owned 14000 shares of AAMRQ then , times that .03333333 equals 466.66662 shares at 55.00 dollars a share should be 25,666.66 bucks. that would make a great christmas present and they should give it to us on the anniversary of the merger date in dec.
and one of those cases was already ruled on once, it was without merit, 2 reasons, one the DOJ already approved merger, and made AA make adjustments and give up routes in order to increase competition story over, AND they want money they say they lost in increased fares when A> fares are competitive and haven't even kept up with inflation let alone gone up significantly, and they have know way of Proving how much they would have flown and how much those fares may have been. expect that ruling to stay the same. pilot ruling not have as much info on but assume company is fighting vigorously . most of the ruling went in the companies favor, because they settled the ones they new they couldn't win. let hope these cases end quickly now that it is only 2. ready for the last and final disbursement. i hope we are paid in shares too. don't want cash, at this point more shares
air fares going up..........http://money.cnn.com/2017/07/13/news/companies/airfares-going-up/index.html
about to pass delta.....
maybe this had a little to do with todays dip? http://www.investmentnews.com/article/20170711/FREE/170719989/american-airlines-reaches-22-million-settlement-in-401-k-self
well, back in on this dip (3K @ 51.80) ready for the next big climb, lets hope this dip doesn't go further, gonna be an interesting couple of weeks
GLTA
that tax bill will be brutal, still holding 7750 shares (about half of original) from years ago AAMRQ days, but cashing out as much as i can without paying too much to the tax man. 2k per year at this price. GLTA and keep flying baby, up, and away
Alaska Air Group to announce financial results
ALK
$93.215
+1.815 +1.99%
Released : Friday, July 7, 2017 12:03 PM
SEATTLE, July 7, 2017 Alaska Air Group, Inc. the parent company of Alaska Airlines, Inc., Virgin America Inc., and Horizon Air Industries, Inc., will announce its second quarter 2017 financial results on Wednesday, July 26, 2017. A conference call is scheduled at 8:30 a.m. Pacific time/11:30 a.m. Eastern time. Interested parties may listen to the call via webcast at www.alaskaair.com/investors.
are we really closing in on delta?
holding on to this since forever and decided to cash out a little each year, and start playing day trade so couple of days ago it popped up a dollar and i sold since the boiler guys had been consistently been knocking this back down below 50, i would just keep buying below 50 and selling at around 51, well of course. huge mistake, now that 52/53 is the new 50. made 3K could have made 9K well its all about timing, but damm to hold that long and what a difference a day makes oh well still happy for my other 2/3's
but the last distribution will make me feel better and i can wait till xmas lets just not wait till this time next year
i would have to scroll back quite a ways, but i think someone said the final court case(s) were appealed and were not going to be heard till AUG. so i would guess this fall at best more likely first of the year, those "billable hours" will kill you. hopefully it will be a nice xmas surprise
is 52.00 the new 50.00?
half day market for holiday, i presume
wow, a slow morning but everyone came back from lunch with a new attitude, had to take some off the table, now wait till they manipulate it back under 50 to get back in,
really? sucky day, on good news, entering into the travel/money season, Deja Vu, a "strong buy" announcement and the stock drops? uggghhh should have been up, a buck on that alone. here's hoping its just because of the long weekend, and wednesday will be strong
New Strong Buy Stocks for July 3rd
6:57 am ET July 3, 2017 (Zacks) Print
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
American Airlines Group Inc (AAL): This company that operates as a network air carrier has witnessed the Zacks Consensus Estimate for its current year earnings gaining 3.4% over the last 30 days.
American Airlines Group, Inc. Price and Consensus
OMG!
AAL has earned a Zacks Rank #1 (Strong Buy) Today!
earnings announcement is july 20th, but when is traffic results, any other announcements to watch for? dates?
well, i called that (low back in price) yesterday, i guess even a broken clock is right twice a day.
buy back in at 48.60. cause there is a lot of upside coming up.
Qatar Airways Seeks a 10% Stake in American Airlines -- 3rd Update
6:20 pm ET June 22, 2017 (Dow Jones) Print
By Robert Wall, Susan Carey and Doug Cameron
Government-owned Qatar Airways said it aims to buy as much as 10% of American Airlines Group Inc. -- a brash attempt by the fast-growing Middle East carrier to push its way into the U.S. amid political upheaval back home.
American said Qatar Airways informed it of its intention to buy at least $808 million of its stock on the open market, or roughly 16.7 million shares at Wednesday's closing price. American Chief Executive Doug Parker, in an interview Thursday, he was "not happy" about the prospect and found the approach "puzzling and strange."
American, the world's largest airline by traffic and revenue, has a market value of roughly $24 billion. American said Qatar Airways approached it in early June about the investment.
American Airlines shares finished up 54 cents, or 1.1%, at $48.97.
In a filing early Thursday, American said Qatar Airways Chief Executive Akbar Al Baker told it of its plan to acquire up to a 10% stake. Qatar Airways, in a separate statement, said it would seek to build a 4.75% stake initially -- the maximum allowed without American board approval -- then add to it after winning consent from American Airlines directors and U.S. regulators. It said it sees American as a "strong investment opportunity" and intends its investment to be a "passive position."
Foreign ownership stakes in U.S. airlines are relatively rare but not unprecedented. U.S. law allows foreigners to hold up to 25% of voting shares and 49% economic interest in a U.S airline. British Airways once held a 25% stake in US Airways. British entrepreneur Richard Branson owned a large minority stake in Virgin America Inc.
Qatar's proposed investment in American would be more unusual: The two have been on opposite sides of a bitter air-industry fight. U.S. and European carriers have accused Qatar Airways and two other Gulf airlines, Emirates Airlines and Etihad Airways, of benefiting from government ownership and subsidies. The fast-growing Gulf carriers have denied that.
At the same time, Qatar is in the middle of a regional dust-up with Persian Gulf neighbors including Saudi Arabia, who have accused Qatar of supporting Islamist groups and extremists in the region. Qatar has denied those accusations.
U.S. President Donald Trump seemed to support the claim in a tweet, after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt enacted an economic embargo on Qatar in early June. Since then, the State Department has walked back, insisting that Saudi Arabia, a staunch U.S. ally, and others provide evidence for their charges. Qatar is also a key Washington ally and hosts one of the biggest overseas U.S. military bases.
A number of U.S. agencies will review any transaction. American said Qatar has already submitted its plans to U.S. antitrust regulators, which would include the Federal Trade Commission and the U.S. Justice Department.
Qatar can't buy more than $81 million in American stock without a green light from U.S. authorities under the Hart-Scott-Rodino Act. Still, there isn't a recent track record of government antitrust enforcers challenging acquisitions at the size of 10%. A deal would be unlikely to raise major red flags about competition, especially if Qatar Airways isn't seeking to obtain additional rights, such as board seats.
The Committee on Foreign Investment in the U.S. could also weigh in. CFIUS is a secretive, multi-agency body led by the Treasury Department that can recommend the president block foreign deals on national security grounds.
American, based in Fort Worth, Texas, said it hadn't sought the investment and the proposed move wouldn't affect its management or strategic direction. American said the investment wouldn't stop it from pursuing its subsidy claim against the Persian Gulf carriers.
On the surface, the move echoes Qatar Airways' investment in the parent of British Airways, International Consolidated Airlines Group SA. In 2015, Qatar Airways initially acquired 9.9% in IAG, then raised its stake to about 20% in several share purchases. While it hasn't interfered with running the airline or taken a board seat, cooperation between Qatar Airways and British Airways has blossomed.
At 20 years old, Qatar Airways is one of the world's fastest-growing air carriers. Mr. Al Baker has raised Qatar Airways' profile with sponsorship deals, including with soccer club FC Barcelona and the 2018 and 2022 soccer World Cups. It prides itself on lavishing amenities on passengers, and for its position in the elite club of 5-star-rated airlines, the top level in the Skytrax ranking system.
Qatar Airways has taken stakes in other airlines including South America's LATAM Airlines Group. It also is taking a stake in Italy's Meridiana and has said it wanted to set up a carrier in India.
"It's a strategic investment" in the U.S. market, said Daniel McKenzie, an analyst at Buckingham Research Group. The U.S. is Qatar's top destination and accounts for 8% of its total flying, he said.
The disclosure comes as the nation of Qatar is coping with the economic embargo levied in early June by Saudi Arabia, the U.A.E., Bahrain and Egypt. Mr. Al Baker criticized Mr. Trump for seeming to take sides in the dispute.
The blockade has hit Qatar Airways especially hard. It relies heavily on Persian Gulf passengers traveling through its hub in Doha, Qatar. After the imposition of the blockade, Mr. Al Baker said traffic would suffer but he saw it as an opportunity to push growth in other markets.
The move on American Airlines could have broader strategic benefits for the tiny Persian Gulf emirate amid the standoff. It has long aligned itself against its much bigger neighbor, Saudi Arabia, in many of the region's economic, political and military conflicts. But it has balanced that with an outsize global diplomacy role, advertising itself to the U.S. and others as an honest broker in some regional crises. It also hosts the U.S. military at the sprawling Al Udeid Air Base, outside Doha, home to the biggest U.S. military presence in the region.
Amid Qatar's worsening tensions with Saudi Arabia, a big investment in the U.S. could help solidify its alliance with the U.S., said Hunter Keay, an analyst at Wolfe Research. Shortly after the blockade went into effect, Qatar agreed to buy about $12 billion of combat planes from Boeing Co.
A minority stake in American "intertwines Qatar with U.S. interests a bit more," Mr. Keay said.
The investment could drive a wedge between Qatar and its other big Persian Gulf antagonist, the U.A.E. So far, Qatar Airways has moved in lockstep with two big carriers based in the U.A.E., Emirates Airline and Etihad Airways, in the tussle over subsidies.
American's Mr. Parker said Mr. Al Baker approached him at an airline industry meeting in Cancún, Mexico, that was held between June 4 and June 6. Saudi Arabia and its allies unveiled its blockade on Qatar on June 5. Mr. Parker called the meeting a "short, private conversation."
American Airlines, as of April filings, had five shareholders above the 4.75% threshold, including Warren Buffett's Berkshire Hathaway Inc., which has a 10% stake. American has had a run of strong profits in recent years and successfully managed its 2013 merger with US Airways Group Inc. Mr. Buffett recently rewarded the U.S. industry's improving fortunes, also taking stakes in Delta, United and Southwest Airlines Co.
American's pilots and flight attendants unions expressed opposition to Qatar Airways taking a stake, and labor groups have joined the calls for the U.S. to re-examine aviation trade deals with Gulf nations because of the dispute over alleged subsidies.
Mr. Parker said he is "always excited to hear that people believe American is a great investment." But the proposed investment "is confusing to our team and we don't like that," he said.
CFRA RAISES OPINION ON SHARES OF AMERICAN AIRLINES GROUP TO STRONG BUY FROM BUY
10:20 am ET June 22, 2017 (CFRA) Print
We raise our 12-month target to $65 from $52, valuing the shares at an Enterprise Value to EBITDAR multiple of 7.7X our '17 estimate, above the peer average of about 7X. We raise our '17 and '18 EPS estimates to $4.88 and $5.58 from $4.40 and $5.00, on improved pricing and recent decline in oil. In a regulatory filing, Qatar Airways said it is seeking to buy 808 mil. AAL shares (10% of outstanding shares), which would make it one of AAL's largest holders. While foreign entities can only own only up to 24.9% of a U.S. airline, we think this news provides major share support.
what would be nice, "hey buffet! i think you should double your shares, you can't have Qatar own equal shares", ooh i wonder if there is a long game here, to eventually take AAL private....PRICE WAR!!!!:)
at first i thought, all this premarket just because they resolved the uniform issue? then i saw 10% stake offer by Qatar
American Airlines Group, Inc. (NASDAQ:AAL) is now covered by analysts at Atlantic Securities ( ). They set an "underweight" rating and a $56.00 price target on the stock. 12.8% upside from the previous close of $49.66.
looks like the third quarter has the potential to be better than the 2nd quarter, if only the chips fall in place, the potential is there, short of external global issues. 2017 should end really well
approaching the 50 curse amount, can we break it again, maybe not today, but this week, oil is down, come on baby, lets go, we need some good news, earnings announcement, something, but just keep climbing like before and i will be happy. the last run up was exciting
any predictions for tomorrow or next week? i don't think we have any announcements, reports, or updates for a while,
TSA, American Airlines Testing New State-of-the-Art Screening Technology
12:00 pm ET June 15, 2017 (Globe Newswire) Print
For the first time ever, the Transportation Security Administration (TSA), working collaboratively with American Airlines, is testing a computed tomography (CT) scanner in one checkpoint lane of Terminal 4 at Phoenix Sky Harbor International Airport (PHX).
CT checkpoint scanning equipment aims to enhance threat detection capabilities by providing a 3-D image that can be viewed and rotated for a more thorough analysis.
"The safety and security of travelers is the number one priority of TSA, and our partnership with industry, such as American Airlines, is critical in helping develop innovative and critical security enhancements," said TSA Acting Administrator Huban Gowadia. "We already use this type of technology for checked baggage, and we expect these smaller checkpoint-sized machines will provide the same high level of security."
"We are proud to be working collaboratively with the TSA to add new technology to the screening process," said Kerry Philipovitch, American Airlines Senior Vice President - Customer Experience. "Enhancing aviation security is a shared responsibility, and we appreciate the TSA's partnership in testing this new state-of-the-art equipment at our Phoenix hub."
"As a major hub airport and an important partner of American Airlines, it is appropriate that Phoenix Sky Harbor International Airport is the first in the nation for this new technology," said Sky Harbor Director of Aviation Services Jim Bennett. "Safety and security are our top priorities, followed closely by customer service. We look forward to continuing to work collaboratively with our airline partners and the TSA to better serve our travelers."
The new CT screening equipment shoots hundreds of images with an X-ray camera that spins around the conveyor belt to provide officers with a picture of a carry-on bag to ensure it does not contain a threat item. The system applies sophisticated algorithms for the detection of explosives, firearms and other items banned in carry-on baggage.
3-D CT technology could make it possible to allow passengers to leave liquids, gels and aerosols, as well as laptops, in their carry-on bags at all times. This results in a quicker throughput and less bin use.
If the pilot testing is successful, TSA and American Airlines may deploy CT technology to other checkpoint locations.
back in 48.60, hhhmmmm GLTA
next announcements are wednesday by parker? any news, updates, announcements to watch for? and when?
i am gonna wait around for 2Q and 3Q REPORTS
well i moved my sell price up a couple of bucks (good thing too, it just shot past original sell price) so here's hoping
or maybe with all the activity you think the news has already been factored in?
anyone care to predict tomorrows bump (up or down) depending on news? i.e.. +$1.80 plus on good news, same down on bad.
well i guess the new "push" target is 50, the powers that be have decide to keep this baby under 50 for now
thanks for address, i will push a focus on a expedited resolution, and finish the court cases, left, so that the corporation and shareholders may look forward instead of continuing to wait, wait wait. the dragging out of this, is having a financial and morale hardship, that must be resolved as quickly as possible. it has been far too long.