American Airlines flags higher Q3 costs after new pilot contract ratified

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American Airlines (AAL) PT Lowered to $16 at TD Cowen following ratification of pilot contract

August 23, 2023 3:42 PM EDT

TD Cowen analyst Helane Becker lowered the price target on American Airlines (NASDAQ: AAL) to $16.00 (from $20.00) while maintaining a Market Perform rating.

The analyst commented, "We are updating our 2H23 quarterly and FY23 estimates for American Airlines Group after their pilots ratified a new... More