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Non-Tech : American Airlines Group, Inc.
AAL 27.99-1.1%Sep 20 4:00 PM EDT

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To: Sam who wrote (833)5/20/2019 11:39:45 AM
From: Sam   of 854
American Airlines -3% after Morgan Stanley warns on labor risk
May 20, 2019 8:46 AM ET|About: American Airlines Group Inc. (AAL)|By: Clark Schultz, SA News Editor

Morgan Stanley drops American Airlines Group (NASDAQ: AAL) to an Underweight rating from Equal-weight and takes its price target all the way down to $26 from $40.

"AAL faces the most labor risk within the group, which we assume will be reset higher over the next 6- 18 months and drive CASM-Ex Fuel up 2.5-3.5% on average between 2019 / 2020, and further compounded by jet fuel prices rising ~10% next year per forwards," warns the MS analyst team.

Adding it all up, the firm sees downside risk to the consensus estimates on AAL.

AAL -2.93% premarket to $30.81 vs. a 52-week trading range of $28.81 to $45.82.
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