Analysts at TD Cowen lowered their value goal on American Airways (NASDAQ:) from $18.00 to $16.00 however maintained their Purchase score.

“Final evening, AMC and AAL introduced their CCOs would step down in June forward of their CEOs' public appearances at 9 a.m. ET in the present day. They’ve sharply lowered their Q2 adjusted EBIT margin and adjusted EPS steerage as a result of vital decline in RASM, which is able to come as no shock to traders given earlier feedback from ULCCs pointing to weak home revenues. Enterprise plans will possible be adjusted once more as their give attention to US home quick haul routes weakens,” the analysts mentioned.