NEW YORK, NY / ACCESSWIRE / April 11, 2018 / Airline stocks drifted lower on Tuesday with American Airlines seeing a loss of over 4% and Delta closing down a modest 0.38%. American Airlines gave a mostly unchanged outlook about its first quarter that had investors unimpressed. It was also reported that a ceiling panel on one of its planes had fallen onto a baby. Delta is about to open up earnings week for airlines with its first quarter financial report on April 12th before the market opens.

RDI Initiates Coverage on:

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

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

American Airlines Group Inc. shares closed down 4.47% on Tuesday on trading volume more than double compared to usual. The stock saw its shares slip after Wall Street showed concerns over the company's unchanged outlook from January. It was a first quarter outlook in January that was little changed that made traders uneasy. The airline had said Tuesday that a key measure of revenue per mile will rise 3% to 4% over the first quarter of 2017. The issue is that in January, the company's outlook then was a rise of 2% to 4%. This is not a significant change compared to January's outlook and perhaps traders were waiting for bigger numbers. Analysts had anticipated a forecast change due to other airline companies such as United Airlines, recently raising their revenue outlook. In even more negative news, it was reported that a ceiling panel on one of the airline's planes had fallen onto a 1-year old boy during a flight from Hong Kong International to Dallas/Fort Worth. According to Jennifer Zanone, the child's mother, when American Airlines Flight 126 landed, "an entire ceiling panel, including a tank full of oxygen, fell on my one year old son's head, who was sitting on my lap in seat 35L." A company spokesperson said to Fortune, "American's primary concern is for the Zanone family and their young child. Our customer relations team has spoken with Mrs. Zanone to offer additional support and obtain details of what transpired at Dallas/Fort Worth Saturday. Customers trust us to take care of them and we take that responsibility seriously. Our flight attendants offered to request medical personnel meet the aircraft upon arrival at the gate, but that request was declined by Mrs. Zanone."

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

Delta Air Lines, Inc. shares closed down a modest 0.38% on nearly 12.3 million shares traded yesterday. The stock will be the first airline to open the U.S. airline reporting season on April 12th. Delta is expected to report its first quarter results and update guidance ahead of the bell. According to a study released earlier this week, Delta was pushed out of the number one spot of being the best carrier in the country last year by Alaska Airlines. It was a difference of just 0.005 points that made Alaska Airlines the new victor. The full list of rankings are Alaska as the number one spot, followed by Delta, then JetBlue, Hawaiian, Southwest, SkyWest, Virgin America, United, American, ExpressJet, Frontier, and Spirit.

Access RDI's Delta Air Lines, Inc. Research Report at:
https://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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