American Airlines, Inc. (AA) is a major American airline headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex. It is the world’s largest airline when measured by fleet size, scheduled passengers carried, and revenue passenger mile. American, together with its regional partners, operates an extensive international and domestic network with almost 6,800 flights per day to nearly 350 destinations in more than 50 countries. American Airlines is a founding member of the Oneworld alliance, the third-largest airline alliance in the world. Regional service is operated by independent and subsidiary carriers under the brand name American Eagle.
American Airlines and American Eagle operate out of ten hubs, with Dallas/Fort Worth being its largest; handling more than 200 million passengers annually with an average of more than 500,000 passengers daily. American operates its primary maintenance base in Tulsa in addition to the maintenance locations at its hubs. As of 2019, the company employs nearly 130,000 people.
Although analyst are expecting a majority of the S&P 500 companies to deliver better-than-expected results, fears on inflation and interest rate hikes are dragging stock down.
The US stocks continue trading higher hitting record levels on the first day of 2022. It looks like investors have shrugged off concerns about the rising number of Covid Omicron cases.
Monday’s dip which represents accounts for one of the biggest drops in the Dow Jones in the past year was cushioned with the latest gains. However, the 30 stock index is still about 1.6% below its best level attained last week.
