American Airlines (AAL) Stock Rebounds with New Havana and 787-9 Services

After months of competition, American Airlines (AAL) was chosen amongst other U.S. airlines to schedule flights to Havana.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- American Airlines (AAL) - Get Report  stock is up 2.54% to $29.07 today after the Fort Worth, TX-based airline company was given the right to schedule new flights to Havana, Cuba.

Along with American Airlines, Delta (DAL), United (UAL), Southwest (LUV), Spirit (SAVE), Alaska (ALK), JetBlue (JBLU) and Frontier will now provide flight service to the Cuban capitol.

The announcement follows nearly four months of competition as various U.S. airlines applied for the rights. The airlines are asking for 60 flights a day, tripled from 20 per day currently allowed under the arrangement between the U.S. and Cuba.

American Airlines also announced this morning that its new 787-9 Dreamliner would begin flights in November.

The inaugural international flight will be from Dallas Forth Worth to Madrid's Adolfo Suarez Madrid-Barajas Airport on November 4.

Customers can begin booking flights on 787-9 Dreamliners on July 10.

Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.

The company's strengths can be seen in multiple areas, such as its notable return on equity and good cash flow from operations. However, TheStreet Ratings also finds weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: AAL

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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