Jefferies analyst Sheila Kahyaoglu maintains $American Airlines (AAL.US)$ with a hold rating, and maintains the target price at $11.
According to TipRanks data, the analyst has a success rate of 62.7% and a total average return of 11.1% over the past year.
Furthermore,accordingtothecomprehensivereport,theopinionsof$American Airlines (AAL.US)$'s main analysts recently are as follows:
The firm is revising estimates across its airline coverage in anticipation of Q3 reports, observing that a September increase in domestic unit revenue has occurred. This shift in revenue is described as a transformation from a long-standing narrative to actual guidance upgrades from multiple carriers. Nonetheless, it's been noted that the volatility of stocks and market sentiment continues to exceed the fluctuations in underlying earnings.
Expectations for American Airlines' results and guidance for the third and fourth quarters are notably modest, and it is anticipated that both will exceed these forecasts. However, there remain concerns regarding enduring challenges related to the network and product offerings, and the extent to which the company's leadership can bridge the performance gap with its competitors.
The anticipation is that September could serve as the pivotal moment for the restoration of normalcy within the airline sector, with domestic schedules in the U.S. being rationalized slightly, which could contribute to an uptick in Q3 revenue per available seat mile (RASM). This adjustment is expected to pave the way for the U.S. airlines to experience a step-by-step advancement in the fourth quarter and continuing into 2025.
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