NEW YORK, NY / ACCESSWIRE / July 14, 2017 / It was an interesting day for airline stocks Delta and American Airlines. Shares of Delta took a small fall yesterday after the airline reported Q2 results that came short of estimates. American Airlines continues its disagreement with Qatar Airlines over the airline wanting to buy 10% stake in its company. American Airlines recently announced that it would end a code-share agreement with Qatar as well as Etihad Airways over the dispute. Since Qatar said it was interested in buying the stock on June 22nd, shares of American Airlines have seen a gain of over 10%.

RDI Initiates Coverage on:

American Airlines Group Inc.
https://ub.rdinvesting.com/news/?ticker=AAL

Delta Air Lines, Inc.
https://ub.rdinvesting.com/news/?ticker=DAL

American Airlines Group Inc.'s shares traded fairly flat on Thursday but landed on the green side up a modest 0.02%. The highlight of yesterday's trading day was shares hitting a brand new 52-week high of $54.48 during intra-day trading. Investors were encouraged by the airline reiterating in a filing that it was against Qatar Airlines taking a 10% stake in the company. The regulatory filing revealed that Qatar Airways had revised its antitrust filing with U.S. regulators seeking clearance to buy up to a 10% stake in American Airlines. American Airlines has said that this unsolicited proposal would in "no way change the company's board composition, governance, management or strategic direction." The filing stated, "American Airlines continues to believe that the President and his administration will stand up to foreign governments to end massive carrier subsidies that threaten the U.S. aviation industry and that threaten American jobs." According to Reuters, Qatar Airways CEO Akbar Al Baker told reporters, "Our stock purchase request and filing is going ahead as normal. We had to clarify certain questions of the regulator, which we compiled with."

Access RDI's American Airlines Group Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=AAL

Delta Air Lines, Inc. closed down 1.77% on Thursday after missing second-quarter forecasts. The No. 2 U.S. airline by passenger traffic, released its second quarter earnings report and traders weren't impressed. The Atlanta-based company reported earnings of $1.22 billion. On a per-share basis, profit came in at $1.68. Earnings which were adjusted for non-recurring gains were $1.64 per share, two cents shy of the $1.66 that the Street had expected. Revenue at $10.79 billion was also below the $10.83 billion that analysts surveyed by Zacks had called for. Despite the Street being disappointed, CEO Ed Bastian was optimistic and said, "This was the best June quarter in Delta?s history. We generated an 18.4% operating margin, a 14% after-tax return on invested capital and returned $750 million to our shareholders. We also grew our top line by 3% this quarter. The first year-on-year increase we have reported in two years." Looking ahead, Delta has said that margins this year are set to land at the low end of its forecast of 16%-18%. The stock has seen decent gains so far this year with a 10.7% climb. In the last one year, shares have risen 36%.

Access RDI's Delta Air Lines, Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=DAL

Our Actionable Research on American Airlines Group Inc. (NASDAQ: AAL) and Delta Air Lines, Inc. (NYSE: DAL) can be downloaded free of charge at Research Driven Investing.

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