American Airlines Gr (NASDAQ:AAL) Stock, Quote.Headers.trade-ideas

American Airlines Gr

American Airlines Group

Anglo American

American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major US hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of US legacy carriers.

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American Airlines&#39; (NASDAQ: AAL) efforts to expand and enhance its global network are commendable. The company&#39;s proactive initiative to create 500 new aviation jobs is serving well for the company and the economy.

Here&#39;s Why Investors Should Retain American Airlines Stock Now

Southwest Airlines (NYSE: LUV) received encouraging tidings on the labor front when it inked a tentative agreement with the company&#39;s flight simulator technicians&#39; union, International Brotherhood of Teamsters Local 19, for a new collective bargaining agreement.

Southwest Airlines Inks Provisional Deal With Simulator Technicians

Le azioni Palantir salgono dopo gli eccellenti risultati finanziari

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Palantir (PLTR) stock surges due to inclusion in S&amp;P 500 on Sept. 23 and new enterprise deal with BP. Technicals also show bullish trend.

Palantir Stock Soars After S&amp;P 500 Inclusion, AI Deal With BP Fuels Additional Gains – What&#39;s Next?

American Airlines Group, Inc. - Common Stock

American Airlines Group Inc

AALBERTS INDUS NV ORD by A. Alberts Industries

Aalberts NV

<a href="https://www.accesswire.com/918499/american-invests-in-the-future-of-aviation-maintenance-with-new-jobs-additional-work">https://www.accesswire.com/918499/american-invests-in-the-future-of-aviation-maintenance-with-new-jobs-additional-work</a>
&nbsp;
The airline is creating nearly 500 new aviation maintenance jobs, including more than 385 licensed aviation maintenance technician (AMT) positions.
Additional lines of heavy check maintenance work are being added to Charlotte, Pittsburgh and Tulsa maintenance bases.
FORT WORTH, TX / ACCESSWIRE / September 16, 2024 / American Airlines announced nearly 500 new aviation maintenance jobs and additional lines of heavy maintenance work at the carrier's maintenance bases in Charlotte, North Carolina; Pittsburgh; and Tulsa, Oklahoma. The added headcount will allow the airline to perform additional heavy maintenance check work at these locations.
<blockquote>"American is excited to grow our talented Technical Operations workforce with more high-paying, skilled aviation maintenance positions," said Greg Emerson, American's Vice President of Base Maintenance and Facilities. "It's an opportunity to grow our maintenance capacity and capabilities in the near-term and preserve them over the long run by continuing to build our pipeline of future maintenance team members - which is important work American has been doing for some time."
</blockquote>
Today's hiring announcement is in addition to the more than 300 jobs recently added to American's <a href="https://pr.report/2ne1">Tech Ops - Tulsa maintenance base</a> thanks to a $22 million grant awarded by the State of Oklahoma's Business Expansion Incentive Program in 2023. The grant is helping American further grow and improve the world's largest commercial aircraft maintenance base, including American's engine repair and overhaul facility.
<blockquote>"We're very grateful to the State of Oklahoma Department of Commerce for this grant," said Emerson. "As a direct result of this funding in 2023, we've already added hundreds of high-paying, skilled new jobs to the Tulsa economy and continue to make enhancements to our world-class maintenance facility."
</blockquote>
Creating new jobs for aviation maintenance professionals
The incremental maintenance positions are now available on the airline's website today. By location:
Charlotte: 133 total openings, including 122 AMTs
Pittsburgh: 44 total openings, including 40 AMTs
Tulsa: 321 total openings, including 227 AMTs
Candidates interested in joining American's team can view open opportunities and apply online at <a href="https://pr.report/2ne2">jobs.aa.com</a>.

Management

American Airlines Invests In The Future Of Aviation Maintenance With New Jobs, Additional Work; Creating Nearly 500 New Aviation Maintenance Jobs, Including More Than 385 Licensed Aviation Maintenance Technician Positions

American Airlines Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NYSE">AAL</a>) short percent of float has fallen 20.26% since its last report. The company recently reported that it has 97.03 million shares sold short, which is 16.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>American Airlines Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726160411_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for American Airlines Gr has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing American Airlines Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, American Airlines Gr's peer group average for short interest as a percentage of float is 12.48%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into American Airlines Gr's Recent Short Interest

American Airlines Is Creating Nearly 500 New Aviation Maintenance Jobs, Including More Than 385 Licensed Aviation Maintenance Technician Positions; Additional Lines Of Heavy Check Maintenance Work Being Added To Charlotte, Pittsburgh & Tulsa Maintenance Bases

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) is gearing up for a significant milestone: its inclusion in the S&amp;P 500 index, <a href="https://www.benzinga.com/markets/equities/24/09/40769921/palantir-stock-soars-in-monday-premarket-whats-driving-the-surge">effective Sept. 23</a>.
<h2 class="wp-block-heading">S&amp;P 500 Inclusion Boosts Palantir's Stock</h2>
This move will see Palantir replace American Airlines Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Etsy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) and Bio-Rad Laboratories Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIO#NASDAQ">BIO</a>). 
Historically, inclusion in this prestigious index tends to drive up stock prices due to increased buying from index funds and ETFs. 
Palantir shares have already seen a notable uptick, jumping over 10% on Monday.
<h2 class="wp-block-heading">New Enterprise Deal Fuels Pre-Market Surge</h2>
This rise is also fueled by the company's latest enterprise agreement with BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), aimed at extending their strategic relationship. The deal will introduce new AI capabilities with Palantir's AIP software, further boosting investor confidence.
The collaboration highlights Palantir's growing influence in the AI space and its expanding commercial footprint.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40769921/palantir-stock-soars-in-monday-premarket-whats-driving-the-surge">Palantir Stock Soars In Monday Premarket: What&#8217;s Driving The Surge?</a>
<h2 class="wp-block-heading">Palantir Stock: Bulls Vs. Bears</h2>
Technically, Palantir's stock is showing a bullish picture. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="632" height="463" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09091705/Screenshot-2024-09-09-at-6.46.45-PM.png" alt="" class="wp-image-537465" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09091705/Screenshot-2024-09-09-at-6.46.45-PM.png 632w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09091705/Screenshot-2024-09-09-at-6.46.45-PM-300x220.png 300w" sizes="(max-width: 632px) 100vw, 632px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Currently trading at $32.94, it's above its 50-day SMA of $28.83 and 200-day SMA of $23.14, signaling long-term bullish momentum. The stock&#8217;s price is currently above both the eight-day and 20-day SMAs, at $30.92 and $31.21, respectively, indicating short-term buying pressure. This suggests a positive overall trend and points to a potential bullish trajectory moving forward.
Palantir's upcoming S&amp;P 500 inclusion and new enterprise deal with BP are significant drivers of its recent stock performance. 
Investors should watch for how these factors interact with the technical indicators as the company prepares for its S&amp;P debut and continues to expand its AI capabilities.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40766713/palantirs-s-p-500-inclusion-another-validation-moment-as-it-embarks-on-new-era-of-e">Palantir&#8217;s S&amp;P 500 Inclusion &#8216;Another Validation Moment&#8217; As It Embarks On New Era Of Enterprise Growth And Profitability, Says Bullish Analyst</a></li>
</ul>
Photo: Shutterstock

Palantir Stock Soars After S&P 500 Inclusion, AI Deal With BP Fuels Additional Gains – What's Next?

The U.S. Transportation Department (DOT) is delving into the rewards and frequent flyer programs of the four largest U.S. airlines. The investigation aims to ensure consumers are treated fairly and not disadvantaged by these programs.
What Happened: The DOT has launched an inquiry into the rewards programs of American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), and United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>). The airlines are required to provide records and comprehensive reports on their rewards programs.
The probe seeks to comprehend the impact on consumers due to the devaluation of earned rewards, concealed or fluctuating pricing, additional fees, and diminished competition and choice. This move follows a public hearing conducted in May by the DOT and the Consumer Financial Protection Bureau on airline loyalty programs.
Transportation Secretary Pete Buttigieg has expressed the department&#8217;s need for more detailed data to fully understand these rewards programs and pinpoint any potential competition or consumer protection issues.
See Also: <a href="https://www.benzinga.com/news/24/09/40723859/spacex-reportedly-evacuates-employees-from-brazil-halts-travel-amid-elon-musks-legal-battle-with-sup?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX Reportedly Evacuates Employees From Brazil, Halts Travel Amid Elon Musk&#8217;s Legal Battle With Suprem</a>
Trade group Airlines for America has defended U.S. airlines, stating that they are transparent about their frequent flyer programs. The group highlighted the significance of these programs, which were vital for airlines to generate revenue and secure funds during the COVID-19 pandemic.
Commenting to Reuters, Delta acknowledged the DOT&#8217;s inquiry and will respond in due course. Southwest defended its flexible rewards program.
Why It Matters: This investigation comes on the heels of recent changes to the rewards programs of these airlines. In September 2023, <a href="https://www.benzinga.com/news/23/09/34976310/deltas-loyalty-program-overhaul-faces-turbulence-ceo-promises-adjustments">Delta faced backlash</a> from customers following an overhaul of its loyalty program. The airline&#8217;s CEO, Ed Bastian, promised adjustments in response to the criticism.
In March, United Airlines<a href="https://www.benzinga.com/markets/equities/24/03/37892140/united-airlines-breaks-new-ground-with-mileageplus-family-friends-pooling"> introduced a new feature</a> in its MileagePlus program, allowing members to pool their miles with family and friends. This move made United the first major U.S. carrier to offer such an option.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40700719/boeing-starliner-return-sunita-williams-and-butch-wilmore-prepare-spacecraft-for-uncrewed-journey-ba?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Boeing Starliner Return: Sunita Williams And Butch Wilmore Prepare Spacecraft For Uncrewed Journey Back To Earth</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Government

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Delta, Southwest And Other Airlines In Hot Waters With US Transportation Department For Unfair Rewards Programs

Legal

The Transportation Department Orders 4 Largest U.S. Airlines To Answer Questions On Frequent Flyer, Rewards Programs

Signs of a cooling labor market last month pushed major U.S. stock averages lower on Thursday, ahead of the highly anticipated August jobs report set for release on Friday.
Private sector job creation came in at 99,000 for August, according to ADP data, marking the slowest pace of growth since January 2021 and missing <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40728795/private-employment-grows-by-99-000-in-august-sharply-misses-forecasts-of-140-000-">the forecast of 140,000.</a>
A stronger-than-expected services sector activity sentiment for August offered some relief to broader recession concerns, but an employment subindex bolstered hints of the ongoing cooling <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40732534/services-sector-activity-expands-more-than-expected-in-august-but-employment-growth">in the labor market.</a>
The S&amp;P 500 dropped below the 4,500 support level for the first time since mid-August, extending weekly losses to 2.9%, and is on track for its worst week since mid-April.
Tech stocks managed to pare losses, with semiconductor shares holding steady. Blue-chip stocks underperformed, as the Dow Jones slid 0.8%, while small-cap stocks fell 0.6%.
A decision from OPEC+ to delay an October oil production increase by two months supported crude prices and further pressured already fragile investor sentiment. West Texas Intermediate (WTI) crude stopped its decline after suffering its worst two-day slump since October 2023.
Treasury yields dipped slightly, and the U.S. dollar softened. Meanwhile, gold edged higher by 0.6%.
Natural gas was Thursday's standout performer, with Henry Hub prices surging over 5%. The U.S. Energy Information Administration reported a natural gas storage injection of 13 billion cubic feet (Bcf) for the week ending Aug. 30, significantly below historical averages and expectations.
Sentiment in crypto assets worsened, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) tumbling 3% to $56,170. 
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>% change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,906.30</td>
<td>-0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,495.09</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,132.72</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,638.99</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:52 p.m.</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.5% lower to $548.40.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.8% to $407.30.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.1% lower to $459.90.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.6% to $211.35.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 0.8%, while the Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.5%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rallied 4% after announcing it plans to roll out its Full Self-Driving (FSD) technology in China and Europe during the first quarter of 2025, pending regulatory approvals. The EV maker will also produce a six-seat Model Y variant in China, starting next year.</li>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) announced Thursday it has reached an agreement to acquire Frontier Communications Parent Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NYSE">FYBR</a>) in an all-cash deal valued at approximately $20 billion. Shares of Verizon eased 0.6%, while those of Frontier Communication Parent plummeted 9% after rallying 37% on Wednesday.</li>
<li>United Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) rose 4% after tumbling 17% Wednesday. According to Reuters, the Committee on Foreign Investment in the U.S. (CFIUS) has raised concerns about potential national security risks related to Nippon Steel&#8217;s planned $14.9 billion acquisition of U.S. Steel. </li>
<li>NIO Inc. &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rallied 11% in reaction to upbeat quarterly results and improved guidance.</li>
<li>Other stocks reacting to earnings results included The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) down over 10%, Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) down 6.7%, Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) down 5.3%, Core &amp; Main, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) down 0.7%, Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) and C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), both down around 13%.</li>
<li>Companies reporting results after the close include Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), Ui Path Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) and Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>). </li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40718185/could-august-jobs-numbers-keep-recession-fears-at-bay-this-time-is-different-analys">Could August Jobs Numbers Keep Recession Fears At Bay? &#8216;This Time Is Different,&#8217; Analyst Says</a> Don&#8217;t miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference</a> on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!</li>
</ul>
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S&P 500 Falls Below 5,500 Points On Cooling Jobs Data, Tesla Leads Tech Gains, Natural Gas Spikes: What's Driving Markets Thursday?

Whales with a lot of money to spend have taken a noticeably bearish stance on American Airlines Gr.
Looking at options history for American Airlines Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $241,887 and 4, calls, for a total amount of $158,559.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $8.0 to $15.0 for American Airlines Gr over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for American Airlines Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of American Airlines Gr's whale activity within a strike price range from $8.0 to $15.0 in the last 30 days. 
<h3>American Airlines Gr Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725550327_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.2</td>
<td>$4.15</td>
<td>$4.2</td>
<td>$15.00</td>
<td>$78.9K</td>
<td>23.7K</td>
<td>9</td>
</tr>
<tr>
<td>AAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.04</td>
<td>$1.01</td>
<td>$1.01</td>
<td>$11.00</td>
<td>$58.3K</td>
<td>46.7K</td>
<td>662</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$0.7</td>
<td>$0.7</td>
<td>$0.7</td>
<td>$10.00</td>
<td>$48.8K</td>
<td>88.5K</td>
<td>731</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$0.72</td>
<td>$0.51</td>
<td>$0.51</td>
<td>$8.00</td>
<td>$43.3K</td>
<td>30.4K</td>
<td>977</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$0.71</td>
<td>$0.71</td>
<td>$0.71</td>
<td>$10.00</td>
<td>$40.3K</td>
<td>88.5K</td>
<td>1.3K</td>
</tr>
</tbody>
</table>

<h3>About American Airlines Gr</h3>
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major US hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of US legacy carriers.
In light of the recent options history for American Airlines Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of American Airlines Gr</h3>
<ul>
<li>Trading volume stands at 16,505,617, with AAL's price up by 2.96%, positioned at $10.95.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 42 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for American Airlines Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in American Airlines Gr

Ahead of the scheduled meeting on Sept. 9, Elliott Investment Management has <a href="https://www.benzinga.com/general/education/24/08/40652464/warren-buffett-celebrates-94th-birthday-with-1-trillion-market-cap-milestone-a-look-back-at-hig">secured enough shares to call a special meeting</a> at Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>).
What Happened: Elliott Investment now holds 10% of Southwest Airlines&#8217; common stock, enabling the hedge fund to call a special meeting at the airline, reported Reuters, citing a person familiar with the matter.
The development comes just days before a scheduled meeting between the two parties to address issues that have led to Southwest&#8217;s stock losing about half its value over the past three years. 
Elliott, managing $70 billion in assets, has demanded the removal of CEO Robert Jordan and Executive Chairman Gary Kelly, and plans to nominate 10 directors to the airline&#8217;s 15-person board.
Despite converting enough derivatives into common shares to cross the 10% threshold, Elliott&#8217;s overall economic stake remains unchanged. Jordan, who has been CEO since 2022, has stated he will not resign and is prepared to contest Elliott&#8217;s demands.
Elliott has indicated to other shareholders that it is ready to take further steps, including calling a special meeting, unless the company agrees to discuss leadership changes. Special meetings, used to solicit shareholder votes on urgent matters, are rare and would mark a significant escalation in Elliott&#8217;s campaign since its interest in Southwest became public in June.
Southwest has been attempting to improve its image and stock price by adding seats with more legroom, moving to assigned seating, and appointing a new board member in July. 
However, according to the report Elliott has criticized these measures as too little, too late. Southwest&#8217;s stock price has dropped significantly, from $41 billion in 2017 to $17 billion now, according to Elliott&#8217;s research.
Southwest Airlines and Elliott did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/24/08/40667061/trump-claims-ivanka-rejected-un-ambassador-role-instead-hired-millions-of-people?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Claims Ivanka Rejected UN Ambassador Role, Instead Hired &#8216;Millions Of People&#8217;</a>
Why It Matters: This move by Elliott Investment Management is part of a broader strategy by the hedge fund to exert <a href="https://www.benzinga.com/trading-ideas/24/08/40402011/elliott-management-raises-stakes-on-online-dating-e-commerce-airline-bets-what-investors-should-kno">influence over its investments</a>. Recently, Elliott has been active in various sectors, including online dating, e-commerce, and airlines. For instance, in August, Elliott raised its stakes in companies like Etsy Inc. and American Airlines Group Inc.
However, Elliott&#8217;s internal <a href="https://www.benzinga.com/news/24/08/40411028/elliott-management-alums-spawn-their-offshoots-amid-rigid-changes-and-increased-bureaucracy-at-70b-h">dynamics have reportedly been shifting</a>. The hedge fund has undergone restructuring, leading to a significant exodus of senior employees. At least nine former staffers have launched their funds since 2021.
Southwest Airlines has also been proactive in defending itself against Elliott&#8217;s maneuvers. In July, the airline activated a &#8220;poison pill&#8221; strategy to <a href="https://www.benzinga.com/markets/equities/24/07/39616633/poison-pill-activated-southwest-airlines-counters-elliott-investments-move-with-defense-strategy">counter Elliott&#8217;s growing influence</a>. This limited-duration shareholder rights plan was implemented in response to Elliott&#8217;s 11% stake.
Price Action: Southwest Airlines closed at $28.92 on Monday, up 0.63%. Year to date, the stock has gained $0.44, marking a 1.54% increase, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40679274/trump-reestablishes-lead-over-kamala-harris-in-presidential-odds-on-crypto-based-predictio?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Reestablishes Lead Over Kamala Harris In Presidential Odds On Crypto-Based Prediction Market</a></li>
</ul>
Photo via Wikimedia Commons
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Elliott Investment Secures Enough Shares To Call Special Meeting At Southwest Airlines Amid Leadership Dispute: Report

Airfares over the Labor Day holiday have fallen but <a href="https://www.benzinga.com/general/travel/24/08/40659277/labor-day-getaway-travelers-hit-the-road-as-gas-prices-drop">other travel costs</a> have risen from a year ago.
Domestic airfare is down 5% compared to last year's Labor Day airfares, and down 17% compared to 2019 levels, data from travel app Hopper reveals. 
&#8220;Prices are low due to high supply in the market from airlines and more favorable fuel prices in today's market compared to last year,&#8221; according to Hopper. 
Another source, the American Automobile Association, says domestic airfare is 2% cheaper this Labor Day weekend than a year ago, with an average price for a U.S. domestic roundtrip flight of $780. International flights cost 8% less at an average cost of $1,370, AAA said. 
Domestic car rentals are 16% cheaper this Labor Day weekend compared to last year, averaging $560 for a several-day booking, but international car rentals are 21% more expensive, averaging $1,100 for a several-day rental, AAA said.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/06/39288640/southwest-airlines-free-bag-policy-under-pressure-after-elliotts-1-9b-stake">Southwest Airlines&#8217; Free Bag Policy Under Pressure After Elliott&#8217;s $1.9B Stake</a>
Labor Day cruise fares have also risen.
Cruises departing from domestic cities are 5% more expensive this Labor Day weekend compared to last year, at an average cost of $2,600, AAA data shows.
Cruises departing from international cities are 17% more expensive this Labor Day weekend compared to last year. The average cost for international cruises is $3,500.
Places to stay for travelers who are keeping to land over Labor Day have also risen, according to AAA data.
Domestic hotels are 7% more expensive this Labor Day weekend than a year earlier. The average price for a few nights&#8217; stay comes to $560, while the average price for the same booking at an international hotel has gone up 2% to $600.
Price Action: Airlines, cruise companies and hotels mostly traded higher late Friday ahead of the holiday weekend. 
<ul>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) gained 1.98% to $10.60.</li>
<li>Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) edged up 0.5% to $28.89.</li>
<li>Disney Cruises, owned by The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), remained unchanged at $89.81.</li>
<li>Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) dipped 2.26% to $163.07.</li>
<li>InterContinental Hotels Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHG#NYSE">IHG</a>), which owns Holiday Inn, edged up 0.09% to $100.</li>
<li>Wyndham Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WH#NYSE">WH</a>), which owns Ramada Inn, gained 2.03% to $78.71.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39982129/this-southwest-airlines-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-friday">This Southwest Airlines Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday</a></li>
</ul>
Photo via Shutterstock.

What Labor Day Travelers Are Paying For Airfare, Cruises, Car Rentals, Hotels

Billionaire investor Warren Buffett may have had one of the best birthday presents ever: The company he has led for decades passed the $1 trillion market capitalization milestone several days <a href="https://www.benzinga.com/top-stories/24/08/40604676/warren-buffetts-berkshire-hathaway-breaks-1-trillion-poll-points-to-big-pharma-not-tech-as-next-cont">before his 94th birthday. </a>
Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) became the first non-technology, U.S. based company to join the elite trillion-dollar club on Wednesday, Aug. 28, further solidifying Buffett&#8217;s status as one of the top investors of all time.
The milestone for Buffett&#8217;s firm, where he remains chairman and CEO, is one of many during this storied career. Here&#8217;s a look at a small portion of the great highlights of Buffett&#8217;s life, with one highlight for each decade the &#8220;Oracle of Omaha&#8221; lived in.
1930: Buffett was<a href="https://www.biography.com/business-figure/warren-buffett" target="_blank" rel="noreferrer noopener"> born</a> Aug. 30, 1930. His father Howard was a former stockbroker. This would have a huge influence on Buffett's decision to get involved in the business.
1940:&nbsp;Buffett <a href="https://www.benzinga.com/news/22/04/26775821/warren-buffett-life-lessons-first-stock-purchase-at-11-1">purchased his first stock </a>at the age of 11. The purchase was for three shares of&nbsp;Cities Service Preferred, a natural gas company. Buffett bought the shares at $38 only to see them soon drop to $27 each. He waited until they hit $40 to sell for a profit. Shares later hit $200 each, which Buffett has since cited as a lesson on patience in investing.
1950: Despite his growing wealth, Buffett has <a href="https://www.forbes.com/profile/warren-buffett/#1da0b5394639" target="_blank" rel="noreferrer noopener">lived</a> in the same house in Omaha, Nebraska since 1958. The home was purchased for $31,500. Adjusted for <a href="https://www.usinflationcalculator.com/" target="_blank" rel="noreferrer noopener">inflation</a>, that would be the equivalent of over $333,192 today.
1960:&nbsp;By the year 1965, Buffett had&nbsp;<a href="https://www.benzinga.com/general/education/23/03/31279710/if-you-invested-1-000-in-berkshire-hathaway-when-warren-buffett-did-heres-how-much-youd-have-no" target="_blank" rel="noreferrer noopener">assumed control of&nbsp;</a>textiles company Berkshire Hathaway, thanks to acquiring 49%. He became a director of the company and worked on gaining full control and also diversifying the company away from textiles.
1970:&nbsp;Buffett became the author of the&nbsp;<a href="https://www.berkshirehathaway.com/letters/letters.html" target="_blank" rel="noreferrer noopener">annual Berkshire Hathaway letters</a>&nbsp;in the 1970s. These letters are considered must-reads for investors and every year, what Buffett writes to shareholders is analyzed with great detail. The letters include explanations for investments or why assets were sold. The letters also include life lessons and memorable quotes from the "Oracle of Omaha."
1980:&nbsp;In 1988, Buffett&nbsp;<a href="https://www.benzinga.com/general/education/23/08/33908338/if-you-invested-1-000-in-coca-cola-stock-when-warren-buffett-did-heres-how-much-youd-have-today" target="_blank" rel="noreferrer noopener">started accumulating shares</a>&nbsp;of&nbsp;Coca-Cola&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) for Berkshire Hathaway. After several large purchases, Berkshire Hathaway owned 7% of the company, worth $1.02 billion. Buffett has a long history with Coca-Cola, once selling bottles for a penny profit. Berkshire Hathaway still owns 400 million shares of KO, worth around $28.8&nbsp;billion.
1990:&nbsp;Geico Insurance&nbsp;has been one of the biggest pieces for Berkshire Hathaway since it&nbsp;<a href="https://www.latimes.com/archives/la-xpm-1995-08-26-fi-39039-story.html" target="_blank" rel="noreferrer noopener">acquired</a>&nbsp;full control in the 1990s. Berkshire completed the acquisition of the insurance company by purchasing the remaining 49% stake it didn&#8217;t previously own.
Buffett had been an investor in Geico shares dating back to 1951.&nbsp;Benjamin Graham,&nbsp;Buffett's mentor and professor, was once the chairman of Geico. The insurance company is forever linked to two of the most well-known investors.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent082924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
2000:&nbsp;The 2000s represented a great period of fortune and giving for Buffett. In 2008, he became the richest man in the world, with&nbsp;<a href="https://www.forbes.com/2008/03/05/buffett-worlds-richest-cx_mm_0229buffetrichest.html#278740a03180" target="_blank" rel="noreferrer noopener">Forbes</a>&nbsp;valuing his wealth at $62 billion. Buffett took over the top spot from&nbsp;Microsoft&nbsp;founder&nbsp;Bill Gates, who had held the number one position for thirteen consecutive years. Buffett pledged in 2006 to give away the majority of his wealth after his death. 
2010: Berkshire Hathaway <a href="https://www.benzinga.com/general/education/23/08/33864608/if-you-invested-1-000-in-apple-stock-when-warren-buffett-bought-shares-heres-how-much-youd-have" target="_blank" rel="noreferrer noopener">started buying</a> stock in Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in 2016. Buffett has since admitted he wishes he would have bought shares earlier.
"It's probably the best business I know in the world," Buffett told CNBC. Berkshire bought shares of Apple again throughout the decade to make it one of the biggest pieces of its investment portfolio.
"I don't think of Apple as a stock. I think of it as a third business," Buffett told CNBC, referring to Apple being the company's third-biggest holding behind Geico and railroad interests.
While Berkshire Hathaway <a href="https://www.benzinga.com/top-stories/24/08/40165638/warren-buffetts-apple-sell-off-echoes-chevron-move-what-it-means-for-investors">has sold some</a> of its Apple stock in recent years, the stock remains the largest holding the stock portfolio of the company with 400 million shares valued at $91.9 billion.
2020: Buffett imparted an investor lesson when he <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-sold-big-4-airlines-stocks-already-recovered-2020-5-1029237218#" target="_blank" rel="noreferrer noopener">sold</a> his stake in the big four airlines. A longtime vocal non-supporter of buying airline stocks, he sold his stake worth around $7 billion at a loss.
He ditched his stakes in American Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) and United Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) believing passenger numbers would not recover after the pandemic. He also cited carriers could be left with too many planes and would be hurt financially due to government loans.
This article was previously published by Benzinga and has been updated.
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</ul>
Image: Shutterstock, edited via Canva

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Warren Buffett Celebrates 94th Birthday With $1 Trillion Market Cap Milestone: A Look Back At Highlights From Every Decade Of His Life

Financial giants have made a conspicuous bearish move on American Airlines Gr. Our analysis of options history for American Airlines Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) revealed 16 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $983,239, and 4 were calls, valued at $197,950.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $15.0 for American Airlines Gr, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in American Airlines Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to American Airlines Gr's substantial trades, within a strike price spectrum from $5.0 to $15.0 over the preceding 30 days.
<h3>American Airlines Gr 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724961711_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$0.25</td>
<td>$0.22</td>
<td>$0.26</td>
<td>$5.00</td>
<td>$580.6K</td>
<td>230.8K</td>
<td>30.9K</td>
</tr>
<tr>
<td>AAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$0.94</td>
<td>$0.9</td>
<td>$0.94</td>
<td>$15.00</td>
<td>$94.0K</td>
<td>10.7K</td>
<td>2.0K</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.19</td>
<td>$1.18</td>
<td>$1.18</td>
<td>$10.00</td>
<td>$88.6K</td>
<td>95.0K</td>
<td>898</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$0.55</td>
<td>$0.54</td>
<td>$0.54</td>
<td>$8.00</td>
<td>$48.0K</td>
<td>73.1K</td>
<td>914</td>
</tr>
<tr>
<td>AAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$0.96</td>
<td>$0.9</td>
<td>$0.91</td>
<td>$15.00</td>
<td>$45.1K</td>
<td>10.7K</td>
<td>798</td>
</tr>
</tbody>
</table>

<h3>About American Airlines Gr</h3>
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major US hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of US legacy carriers.
<h3>Present Market Standing of American Airlines Gr</h3>
<ul>
<li>Currently trading with a volume of 17,837,202, the AAL's price is up by 2.41%, now at $10.39. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 49 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest American Airlines Gr options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

JBLU

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ULCC

U.S. Department of Transportation Says U.S. Airlines Have Canceled 1.6% Of Flights This Year, Below Pre-Pandemic Levels As Summer Travel Hits New Record

<a href="https://x.com/CanBorder/status/1825931256208474318" title="https://x.com/CanBorder/status/1825931256208474318">https://x.com/CanBorder/status/1825931256208474318</a>

Canada Border Services Agency Post On X, "There is currently a partial systems outage impacting airports. We are working with partners on fixing the issue. We apologize for any inconvenience this outage may cause and thank you for your patience."

Activist fund Elliott Management has made several moves in 2024 including targeting coffee chain Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), which recently <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40343728/starbucks-analysts-mixed-on-new-ceo-brian-niccol-who-led-cmg-stock-650-higher-in-6-">announced a new CEO.</a>
A new 13F filing reveals three other key areas Elliott is increasing focus on.
Match Group: <a href="https://www.benzinga.com/topic/online-dating">Online dating company</a> Match Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) is one of the stocks that saw an increased position from Elliott in a new 13F filing.
Elliott Management <a href="https://fintel.io/i13f/elliott-investment-management-l-p/2024-06-30-0">owns </a>11,705,013 shares of Match Group, up 184% from a previous total of 4.125 million shares. The increased stake comes as activist hedge fund Starboard Value <a href="https://www.benzinga.com/markets/equities/24/07/39785537/tinder-parent-match-group-soars-nearly-9-in-after-hours-trading-as-activist-hedge-fund-starboard">has acquired a reported</a> 6.5% stake and is pushing for changes.
Starboard is pushing Match Group to expand its margins or consider a sale of the company. The hedge fund highlighted the strength of the Tinder and Hinge brands in its comments on the company.
Elliott Management took a stake in the company <a href="https://www.benzinga.com/m-a/24/01/36557715/why-is-tinder-parent-match-group-stock-trading-higher-tuesday">earlier this year </a>and is also said to be pushing for changes.
Last month, Match Group reported <a href="https://www.benzinga.com/news/earnings/24/07/40051630/match-group-stock-climbs-on-strong-q2-results-hinge-revenue-up-48">second-quarter financial results,</a> with revenue exceeding analyst estimates and earnings per share meeting expectations.
Match Group shares are down 3.6% year-to-date in 2024, as seen on the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below. Match shares trade at $35.18 versus a 52-week trading range of $27.66 to $47.81.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="491" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122524/Screenshot-118.png" alt="" class="wp-image-497336" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122524/Screenshot-118.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122524/Screenshot-118-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122524/Screenshot-118-768x378.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Read Also: <a href="https://www.benzinga.com/top-stories/24/08/40284758/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a>
Etsy Stake: Elliott Management doubled a stake in ecommerce company Etsy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) in the second quarter. The fund now owns 4,500,000 shares, up from 2,250,000 shares owned previously.
Elliott's senior portfolio manager Marc Steinberg was<a href="https://www.benzinga.com/news/24/02/36888543/etsy-stock-is-surging-thursday-whats-going-on"> added to the Etsy</a> board of directors earlier this year as the activist investor pushes for changes after underperformance.
"Etsy has a highly differentiated position in the e-commerce landscape and a uniquely attractive business model, supported by a distinctive and engaged community. We became a sizable investor in Etsy and I am joining its board because I believe there is an opportunity for significant value creation," Steinberg said at the time.
Etsy recently beat <a href="https://www.benzinga.com/news/earnings/24/07/40083373/etsy-q2-earnings-revenue-beat-eps-beat-gms-down-2-1-company-making-excellent-progress-on-bold-moves">second-quarter revenue </a>and earnings per share estimates from analysts and said the copay is making progress on "bold moves." Active buyers were up 1% year-over-year in the second quarter.
Etsy shares are down 33.3% year-to-date, as seen on the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1">Benzinga Pro chart </a>below. Etsy shares trade at $54.03 versus a 52-week trading range of $51.45 to $89.58.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="488" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122541/Screenshot-119.png" alt="" class="wp-image-497337" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122541/Screenshot-119.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122541/Screenshot-119-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122541/Screenshot-119-768x376.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Airline Stocks: Elliott Management has made recent headlines for their stake in airline company Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) and <a href="https://www.benzinga.com/markets/equities/24/08/40371165/southwest-airlines-braces-for-boardroom-battle-as-elliott-nominates-ten-independent-candidates-d">pushing for changes</a> to the company's board of directors.
The 13F filing revealed additional purchases of shares of Southwest Airlines, bringing the total ownership to 48,948,500 shares, as indicated in a 13D filing.
Elliott plans to nominate 10 independent candidates for Southwest's board in the ongoing activist battle. Elliott is pushing for a change to the board, new leadership and a business review to boost the underperforming stock.
Southwest and Elliott have agreed to a meeting in September to discuss a resolution to their battle against one another. The airline company also has an Investor Day planned for late September that could offer more insight into its plans to turnaround the company.
The Elliott 13F filing also revealed U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) puts owned, with a position representing 9,500,000 shares increasing 660% over the last quarter. Southwest is the largest weighting in the ETF representing 10.4% of assets, which could make the put a hedge against the Southwest stake or a belief that the entire airline sector could underperform.
The filing also showed 11.5 million shares of American Airlines Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) represented by puts, potentially betting against one of the largest airlines and Southwest rivals.
Southwest Airlines stock is down 9.4% year-to-date in 2024, as seen on the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1">Benzinga Pro chart </a>below. Southwest shares trade at $26.17 versus a 52-week trading range of $21.91 to $35.18.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="489" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122657/Screenshot-121.png" alt="" class="wp-image-497340" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122657/Screenshot-121.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122657/Screenshot-121-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15122657/Screenshot-121-768x378.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39616633/poison-pill-activated-southwest-airlines-counters-elliott-investments-move-with-defense-strategy">&#8216;Poison Pill&#8217; Activated: Southwest Airlines Counters Elliott Investment&#8217;s Move With Defense Strategy</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

JETS

MTCH

SBUX

Elliott Management Raises Stakes On Online Dating, E-Commerce, Airline Bets: What Investors Should Know

Investors with a lot of money to spend have taken a bearish stance on American Airlines Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AAL, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 14 uncommon options trades for American Airlines Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 28% bullish and 64%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $633,864, and 7 are calls, for a total amount of $1,534,851.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $8.0 to $15.0 for American Airlines Gr over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for American Airlines Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of American Airlines Gr's whale trades within a strike price range from $8.0 to $15.0 in the last 30 days. 
<h3>American Airlines Gr Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723050159_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$2.5</td>
<td>$2.32</td>
<td>$2.36</td>
<td>$10.00</td>
<td>$1.1M</td>
<td>796</td>
<td>5.0K</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.19</td>
<td>$1.16</td>
<td>$1.19</td>
<td>$8.00</td>
<td>$134.7K</td>
<td>45.5K</td>
<td>3.9K</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.17</td>
<td>$1.14</td>
<td>$1.17</td>
<td>$8.00</td>
<td>$110.5K</td>
<td>45.5K</td>
<td>2.7K</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.18</td>
<td>$1.14</td>
<td>$1.18</td>
<td>$8.00</td>
<td>$109.0K</td>
<td>45.5K</td>
<td>1.7K</td>
</tr>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.17</td>
<td>$1.14</td>
<td>$1.17</td>
<td>$8.00</td>
<td>$97.8K</td>
<td>45.5K</td>
<td>836</td>
</tr>
</tbody>
</table>

<h3>About American Airlines Gr</h3>
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major US hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of US legacy carriers.
Having examined the options trading patterns of American Airlines Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is American Airlines Gr Standing Right Now?</h3>
<ul>
<li>With a volume of 14,470,433, the price of AAL is up 0.86% at $9.39. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 71 days.</li>
</ul>
<h3>What Analysts Are Saying About American Airlines Gr</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $11.75.
<ul>
<li>An analyst from Bernstein downgraded its action to Market Perform with a price target of $12. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for American Airlines Gr, targeting a price of $13. </li>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Underweight rating on American Airlines Gr with a target price of $10. </li>
<li>Reflecting concerns, an analyst from Bernstein lowers its rating to Market Perform with a new price target of $12.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for American Airlines Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Check Out What Whales Are Doing With AAL

The battered tech sector continued to suffer on Monday as <a href="https://www.benzinga.com//node/40167312">a global sell-off of stocks and other assets</a> pulled markets towards bear territory.
A slight uptick in U.S. unemployment, published on Friday, <a href="https://www.benzinga.com/news/large-cap/24/08/40131214/market-turmoil-july-jobs-report-geopolitical-risks-spark-stock-sell-off-as-traders-flee-to-treasur">reignited fears of a recession that rippled across the globe</a>. Some indices saw historical drops, including Japan's Nikkei 225 stock index, <a href="https://www.benzinga.com/markets/asia/24/08/40156460/bloodbath-in-asia-and-europe-japans-index-crashes-13-gold-near-record-highs-global-markets-update-wh">which dropped more than 13.4% at its lowest point on Monday</a>.
The Nasdaq Composite has been the worst affected among the main U.S. averages.
Some Saw It Coming: The correction <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39676340/market-correction-highly-likely-before-2024-election-says-morgan-stanley-cio">had been anticipated by several analysts</a> for at least a month before the downturn began. Wedbush's Daniel Ives minimized the panic, calling the sell-off <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40151107/tech-sell-off-takes-qqq-to-correction-territory-nvidia-sheds-over-5-for-week-analys">"just a white knuckle moment in a multi-year bull run for tech stocks</a>."
Ives and other pundits have argued against <a href="https://www.benzinga.com/markets/equities/24/08/40165496/what-are-stock-bubbles-and-when-do-they-burst-what-to-know-as-nvidia-tech-sector-sink#google_vignette">fears of a market bubble bursting around AI-oriented stocks</a>.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has said that renowned investors like Warren Buffett <a href="https://www.benzinga.com/news/24/08/40152088/elon-musk-says-warren-buffett-is-clearly-expecting-a-correction-after-berkshire-sold-nearly-half-of">were "clearly expecting a correction</a>." Tesla stock is down over 3% on Monday at the time of this writing, with the EV maker losing over 13% in the past five trading days.
On Monday, Buffett's Berkshire Hathaway Inc Class B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) <a href="https://www.benzinga.com/top-stories/24/08/40165638/warren-buffetts-apple-sell-off-echoes-chevron-move-what-it-means-for-investors">got rid of half its stake in </a>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), causing the tech giant to lose almost 10% of its value after the market bell rang on Monday morning. The company quickly recovered throughout the day, and is down 5.5% on an intraday basis at the time of writing.
<ul>
<li>Berkshire itself has also been hit by the sell-off, and is down over 5% in the last five trading days.</li>
</ul>
<ul>
<li>At its worst point on Monday, Apple&#8217;s market cap lost $364 billion in just a few minutes when compared to its closing price on Friday. That exceeds the combined market cap of 3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Dow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), DuPont de Nemours Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>) and BASF SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BASFY#OTC">BASFY</a>).</li>
</ul>
<ul>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has also been struck by the market panic, losing over 12% in the last five trading days. The company is down 4.1% on Monday alone. At its lowest point on Monday, Amazon's market cap was down by $171 billion when compared to Friday's closing price. That's more than Intel Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) entire market cap.</li>
</ul>
<ul>
<li>Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is down by 7.3% in the last five trading days and 2.8% on Monday. The company&#8217;s market cap was down $172 billion at its lowest point on Monday, or three times the combined market caps of American Airlines Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>).</li>
</ul>
Read also: <a href="https://www.benzinga.com//node/40166870">Google&#8217;s Bold AI Ad Backfired Amidst Olympic Fervor, Stirring Public Debate On Technology Versus Human Creativity As Shares Tumble 6.59% At Opening</a>
Nasdaq Takes The Worst Blow: The Nasdaq Composite <a href="https://www.benzinga.com/news/earnings/24/08/40157665/nasdaq-r2k-futures-tumble-over-4-vix-spikes-over-100-bitcoin-plunges-hard-as-global-sell-off-deepen">has been the worst hit among the major indices</a>. The average, which covers the tech-heavy Nasdaq exchange, has lost about 6% of its value in the last five days.
ETFs following the 100 biggest companies in the Nasdaq have also taken a hit. Invesco NASDAQ 100 ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQM#NASDAQ">QQQM</a>) is down 5.3% in the last five days, following a similar trajectory of its sibling fund Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<a href="https://www.benzinga.com/markets/24/08/40142331/chip-stocks-staring-at-another-bloodbath-as-intel-tumbles-nvidia-dips-4-asml-crumbles-over-6-whats-a">Semiconductor stocks continued to lead the drop</a> after a months-long rally that took major players to record market caps.
<ul>
<li>Intel Corp has been one of the worst hit in the sell-off, losing more than 34% in the last five trading days, with losses of almost 6% on Monday alone. The generalized market panic was added <a href="https://www.benzinga.com/news/earnings/24/08/40136668/intels-stock-plummets-after-earnings-what-to-know">on top of the company's worse-than-expected quarterly results</a> last week.</li>
</ul>
<ul>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has lost 10% of its value in the last five trading days and 6.4% on Monday alone. The company saw losses of more than 13% on Monday at the market open, quickly recovering throughout the day. Nvidia&#8217;s market cap was down by $407 billion at its lowest point on Monday, when compared to its Friday closing price. That's about half the entire government spending on Medicare for 2023.</li>
</ul>
<ul>
<li>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) experienced a drop of over 10% at its worst point on Monday, but quickly recovered and is down 2% at the time of this writing, with losses of over 8% in the last five trading days.</li>
</ul>
<ul>
<li>VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>), the largest ETF following the semiconductor sector, has lost 11% of its value in the last five trading days and is down 2.1% on Monday.</li>
</ul>
<ul>
<li>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>), which also follow the chips sector, have experienced a similar trend.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com//node/40166877">Will Bitcoin Or Ethereum Recover More Faster From The Crash? Here&#8217;s What Technical Analysis Says</a></li>
</ul>
Image created using Shutterstock photos.

Sector ETFs

AMZN

BASFY

INTC

MSFT

NVDA

QQQM

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Nvidia, Microsoft, Apple, Amazon Erase $1.1 Trillion In Monday Sell-Off: Bubble Burst Or Market Correction?

American Airlines Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NYSE">AAL</a>) short percent of float has risen 26.56% since its last report. The company recently reported that it has 110.41 million shares sold short, which is 19.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.49 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>American Airlines Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722604521_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for American Airlines Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing American Airlines Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, American Airlines Gr's peer group average for short interest as a percentage of float is 10.86%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

An American Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) flight from Seattle to Dallas was forced to make an unexpected landing in Salt Lake City due to a passenger&#8217;s erratic and violent behavior, according to <a href="https://www.benzinga.com/markets/cannabis/23/07/33185262/leader-of-13m-illegal-cannabis-operation-argues-federal-law-protects-him-more-in-weed-chronicles">federal prosecutors. </a>
<a href="https://www.sacbee.com/news/nation-world/national/article290654789.html">As per</a> The Sacramento Bee, the passenger, Eric Nicholas Gapco, from Delanco, New Jersey, claimed he consumed "approximately ten marijuana edibles" before the flight.
See Also: <a href="https://www.benzinga.com/markets/cannabis/23/04/31856196/middle-aged-woman-with-fnd-swaps-wheelchair-for-roller-skates-using-marijuana-drones-delivering-">Middle-Aged Woman With FND Swaps Wheelchair For Roller-Skates Using Marijuana, Drones Delivering Drugs To Prisons &amp; More In Weed Chronicles</a>
Gapco's disruptive actions on July 18, began shortly after the flight took off. Refusing to remain in his seat, he attempted to occupy a flight attendant's seat and loudly propositioned another flight attendant for sex. He was also vaping, further disturbing the passengers and crew.
The situation escalated when Gapco locked himself in the airplane's bathroom and then tried to open the aircraft&#8217;s doors. He reportedly attempted to hand a bag of pills to another passenger. As his behavior became increasingly aggressive, the flight crew and several passengers had to restrain him with flexible restraints.
The flight was then diverted to Salt Lake City International Airport, where the 26-year-old Gapco was immediately taken into custody upon landing.
Despite being restrained, Gapco continued his erratic behavior at the airport, smashing the glass door of a holding cell. Authorities said that Gapco denied taking any illegal drugs or prescription medication.
However, he later said he consumed the marijuana edibles without knowing the THC content in each, according to a motion for his detention.
<h3 class="wp-block-heading">Legal Consequences</h3>
Gapco was indicted on July 31 on charges of interference with a flight crew and attempted damage to an aircraft. The U.S. Attorney's office confirmed that Gapco was also taken to a hospital for medical evaluation after his arrest, where he continued to be combative with medical staff and police officers, even spitting at an officer at one point.
As of his initial court appearance scheduled for August 1, Gapco's federal public defender has not responded to requests for comments. American Airlines has also not yet commented on the incident.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/23/05/31425637/what-are-cannabis-edibles-made-of-the-drug-effect-of-edible-marijuana">What Are Cannabis Edibles Made Of: The Drug Effect Of Edible Marijuana</a></li>
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Cover image created with AI.

Cannabis

Cannabis Edibles Gone Wrong? High Flyer's Door Forcing Drama And Assault Force Emergency Landing

The Biden administration proposed <a href="https://www.benzinga.com/general/travel/24/07/39962840/southwest-bids-farewell-to-open-seating-after-customer-feedback-poor-earnings">a new rule </a>on Thursday that would ban airlines from charging junk fees to seat families together on a flight. 
The law, being proposed by the U.S. Department of Transportation (DOT), would require airlines to seat parents next to their young children for free when adjacent seating is available at booking.
The rule would lower the cost of flying with young children for a family of four as much as $200 if the seat fees are $25, the DOT<a href="https://www.transportation.gov/briefing-room/biden-harris-administration-proposes-ban-family-seating-junk-fees-charged-airlines#:~:text=DOT's%20notice%20of%20proposed%20rulemaking,their%20parent%20or%20accompanying%20adult."> said</a>. 
"Many airlines still don't guarantee family seating, which means parents wonder if they'll have to pay extra just to be seated with their young child,&#8221;&nbsp;U.S. Transportation Secretary Pete Buttigieg said in a statement. &#8220;Flying with children is already complicated enough without having to worry about that.&#8221;
Airlines usually charge extra fees to families that want to reserve several seats close to each other so parents can more easily tend to their young children. Families that opt to skip the fees often require airlines to ask other passengers to voluntarily change their seating assignments so that families can sit together.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39942999/american-airlines-southwest-airlines-q2-earnings-previews-will-they-address-the-mic">American Airlines, Southwest Airlines Q2 Earnings Previews: Will They Address The Microsoft Outage Fallout?</a>
 Buttigieg has pushed the 10 biggest airlines to voluntarily stop charging the fees after President Joe Biden called on Congress to ban the charges during a State of the Union address in 2023.
So far, four airlines — Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Frontier Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) and JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) — have complied with the request, the DOT said. 
United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) say they do not charge family seating fees.
United Airlines <a href="https://www.prnewswire.com/news-releases/united-makes-it-easier-for-families-to-sit-together-301750716.html">announced</a> in February 2023 a new seat map feature that finds available adjacent seats at the time of booking. The online program reviews available free economy seats and then opens free upgrades to available preferred seats, if needed.
Airlines who still charge fees include Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>), Hawaiian Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>), Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>), according flightrights.gov.
Emails to the four other airlines seeking comment on the proposed ban were not immediately returned.
Buttigieg has handed Congress a legislative proposal to ban the fees after the legislative body authorized the DOT to propose the rule as part of the bipartisan FAA Reauthorization Act of 2024.
The rule would prohibit airlines from charging fees for children under 14 years old and require airlines to provide refunds, free rebooking and other options if adjacent seating is not available.
Price Action: The world&#8217;s three largest airlines — Southwest, American and Delta — trended downward as of mid-day trading on Thursday.
<ul>
<li>Southwest Airlines slipped 1.74% to $26.47</li>
<li>American Airlines declined 3.05% to $10.31</li>
<li>Delta Airlines lost 3.07% to $41.70</li>
</ul>
Read Now: <a href="https://www.benzinga.com/news/24/07/39891082/southwest-airlines-saved-by-procrastination-how-32-year-old-software-protected-company-from-microsof">Southwest Airlines Saved By Procrastination: How 32-Year-Old Software Protected Company From Microsoft Outage, CrowdStrike Issues</a>
Photo: Friends Stock via Shutterstock CORRECTION 8.1.2024: Delta Airlines and United Airlines do not charge for family seating fees, as originally reported.

ALGT

Family-Friendly Skies: Proposal Aims To End Airline Seating Fees For Parents With Kids (UPDATED)

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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against CAE, MacroGenics, Vicor, and American Airlines and Encourages Investors to Contact the Firm

The Gross Law Firm Notifies Shareholders of American Airlines Group Inc.(AAL) of a Class Action Lawsuit and an Upcoming Deadline

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FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of American Airlines

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DEADLINE ALERT for CAE, AAL, ODD, and LFCR: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

Class Action Filed Against American Airlines Group Inc. (AAL) - September 16, 2024 Deadline to Join – Contact Levi & Korsinsky

DEADLINE ALERT for CAE, AAL, ODD, LFCR: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

AAL SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman LLC Announces that American Airlines Group, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

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