Massive Winter Storm Causes Widespread Flight Cancellations in the U.S.
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- Record Flight Cancellations: The winter storm 'Fern' led to over 11,500 flight cancellations on Sunday, marking the highest single-day cancellations since the COVID-19 pandemic, severely disrupting travel plans for millions of passengers.
- Widespread Storm Impact: Affecting 34 states and 220 million people from Arizona to the Midwest, South, and New England, the storm prompted winter storm warnings, resulting in school and business closures and significant transportation disruptions.
- Severe Power Outages: According to PowerOutage.com, over 820,000 U.S. customers experienced power outages during the early hours of Monday, highlighting the storm's significant impact on infrastructure and increasing pressure on emergency response efforts.
- Casualties Reported: CNN reported at least 11 fatalities due to the storm, with 15 states experiencing snowfall of one foot or more, underscoring the threat of extreme weather to public safety and daily life.
Analyst Views on AAL
Wall Street analysts forecast AAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAL is 17.44 USD with a low forecast of 10.00 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
7 Buy
7 Hold
1 Sell
Moderate Buy
Current: 15.020
Low
10.00
Averages
17.44
High
21.00
Current: 15.020
Low
10.00
Averages
17.44
High
21.00
About AAL
American Airlines Group Inc. is a holding company. Its primary business activity is the operation of a major network air carrier, providing scheduled air transportation for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. and partner gateways, including in London, Doha, Madrid, Seattle/Tacoma, Sydney and Tokyo, among others. Together with its regional airline subsidiaries and third-party regional carriers operating as American Eagle. Its cargo division provides a wide range of freight and mail services, with facilities and interline connections available across the globe. It operates approximately 977 mainline aircraft supported by its regional airline subsidiaries and third-party regional carriers, which together operate an additional 585 regional aircraft. Its subsidiaries include American Airlines, Inc., Envoy Aviation Group Inc., PSA Airlines, Inc. and Piedmont Airlines, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
