AAL Stock Forecast

AAL had a very strong signal of -3.49 and a predictability of 0.08. In accordance with the algorithm, the company reported short-term capital losses of -13.58%.

AAL was part of the stock forecast that is found in the “Top 10 Stock Picks” package.

The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:

• top ten stocks picks to long
• top ten stocks picks to short
• S&P 500 forecast

American Airlines Group, Inc. (AAL) is a major United States-based airline, operating an extensive international and domestic network, and is the world’s largest airline by passengers flown, fleet size and revenue, and the second-most by number of destinations, only after United Airlines.

American Airlines will no longer fly to Israel from early January next year. Apparently, lack of profitability led to the decision of terminating the carrier’s sole direct flight to Israel, which connected Philadelphia and Tel Aviv. The carrier has lost in excess of $20 million in 2015 due to its operations on the route.

Last Friday, airline stocks fell sharply despite another run lower for oil prices and a record profit reported in its second quarter. It is in fact some broader macroeconomic concerns, government probes, and capacity worries that are now weighing heavy on the sector.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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