Boston, MA 06/03/2014 (wallstreetpr) – One of the leading American Airlines and one of the best companies of aviation sector American Airlines Group Inc (NASDAQ:AAL) recently held its shareholder meeting. The last time when AAL organized shareholders’ meeting, the future of the company was dubious, it was doing poor performance in the stock market, and the market share of the company was in danger, but this time, the situation is pretty different. The company is in new hands, and shareholders are hopeful to listen some favorable announcements and good financial data.
History of AAL:
American Airlines Group Inc (NASDAQ:AAL) was the result of the merger between American and US Airways Group Inc. which took place in the month of December, hence it is gonna be the first shareholders’ meeting after the formation of a new company. The merger has put a positive impact on company’s stock prices which are touching new heights with every passing day. Also, shareholders are expecting the announcement regarding the appointment of new management and Chairman. Since the months of December when the merger took place, it has been extremely profitable for all the investors.
Price increment:
The main question at this time is about the future of American Airlines Group Inc (NASDAQ:AAL) as how long will it take to integrate US and American Airlines into a single entity so that it can become world’s largest airline company. It’s been almost six months since the merger deal between both the companies got closed and the share prices have increased almost 66.66% in this time duration. In last two months, the prices have almost got tripled.
Please note that American Airlines Group Inc (NASDAQ:AAL) reported total income of $402 million in the first ever quarter of the company. It was hardly seen before. The market experts have forecasted that AAL will earn approximate $1.2 billion in the second quarter. When it comes to the entire year, experts think that AAL will earn $3.7 billion. The next year will be far better than the current year, and the company will manage to earn $4.3 billion in 2015.
