Winter Storm Disrupts US Air Travel, Over 14,000 Flights Canceled
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- Flight Cancellations: The powerful winter storm has led to over 14,000 flight cancellations across the U.S., with more than 10,000 cancellations occurring on Sunday alone, causing severe travel disruptions at major airports including Washington, New York, and Atlanta.
- Weather Alerts: Nearly 180 million people are under weather alerts due to the storm, which is expected to move from the South to the Northeast, bringing heavy snowfall from Washington to Boston and exacerbating the challenges for air travel.
- Airline Responses: Major airlines have significantly reduced their schedules, with American Airlines canceling about 45% of its Sunday flights, while Delta and Southwest each scrubbed over 1,200 flights, highlighting the operational strain caused by extreme weather.
- Passenger Rights: Passengers with canceled flights are entitled to full refunds, including baggage fees and seat upgrades, ensuring that their rights are protected during extreme weather disruptions.
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.
