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Thursday, December 3, 2020
How Recent Political Changes Will Impact Your Bottom Line
Aviation American Airlines stock falls on news it looks to add liquidity

American Airlines stock falls on news it looks to add liquidity

Other News

British Airways, American Airlines plan voluntary COVID-19 testing plan

By DANICA KIRKA Associated Press LONDON (AP) — British Airways said Tuesday that it will start testing passengers flying from the U.S. to London's Heathrow...

American, Southwest, Alaska add to airline loss parade in 3Q

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Airlines are piling up billions of dollars in additional losses as the pandemic chokes off air...

Unfriendly skies: Airline workers brace for mass layoffs

By TOM KRISHER and CATHY BUSSEWITZ AP Business Writers DETROIT (AP) — The worries are growing for United Airlines flight attendant Jordy Comeaux. In a few...

Airline denies mom and son, 2, after he refused to wear mask

PORTSMOUTH, N.H. (AP) — A New Hampshire woman was not allowed to stay on an American Airlines flight with her 2-year-old son because he...

American Airlines Group Inc. (AAL) stock fell 5.6% Monday, June 22 on news that the company plans to raise $3.5 billion including $1.5 billion from selling stock and debt that can be converted to stock.

Airlines have been scrambling to raise cash to survive a sharp drop in travel. Alaska Airlines said Monday that June revenue will be down about 80% from a year ago, though that’s better than April’s 87% decline and May’s 83% drop. Alaska Airlines’ shares recovered from an early slide and were up 0.7%.s seeking another $3.5 billion in loans as it looks for liquidity during the current pandemic.

 

Goldman Sachs & Co. LLC, Citigroup, BofA Securities and J.P. Morgan are acting as the joint active book-runners and as representatives of the underwriters for the Common Stock Offering and the Convertible Notes Offering from American.

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