{"id":38796,"date":"2024-12-10T17:32:39","date_gmt":"2024-12-10T17:32:39","guid":{"rendered":"https:\/\/isafespend.com\/?p=38796"},"modified":"2024-12-10T17:32:40","modified_gmt":"2024-12-10T17:32:40","slug":"bernstein-upgrades-american-airlines-closer-to-a-have-than-a-have-not-by-investing-com","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=38796","title":{"rendered":"Bernstein upgrades American Airlines, &#8216;closer to a have than a have-not&#8217; By Investing.com"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Investing.com &#8212;\u00a0Bernstein analysts raised American Airlines (NASDAQ:) to Outperform from Market-Perform on Tuesday, highlighting a combination of an improved industry backdrop and a new co-branded credit card deal that promises to generate significant cash flow.<\/p>\n<p dir=\"ltr\">The firm also increased its price target for the stock to $24 from $14, reflecting the airline\u2019s improved financial prospects.<\/p>\n<p dir=\"ltr\">\u201cThe pricing and revenue environment has continued to improve,\u201d Bernstein wrote, with American Airlines increasing its fourth-quarter 2024 earnings guidance by 73%, now expecting earnings per share in the range of $0.55-$0.75.\u00a0<\/p>\n<p dir=\"ltr\">Lower fuel costs and stronger pricing are key drivers of the updated outlook.<\/p>\n<p dir=\"ltr\">The analysts also pointed to American Airlines\u2019 recently announced exclusive co-branded credit card partnership with Citi, which will begin in January 2026.\u00a0<\/p>\n<p dir=\"ltr\">The deal is expected to boost annual remuneration from credit card and other partnerships by 10% from 2024 levels, with projected revenue approaching $10 billion.\u00a0<\/p>\n<p dir=\"ltr\">According to Bernstein, this could translate into an additional $1.5 billion in pre-tax income compared to 2024.<\/p>\n<p dir=\"ltr\">The new, steady revenue stream is said to address a major critique of the airline: its high leverage.\u00a0<\/p>\n<p dir=\"ltr\">Bernstein estimates the terminal value of the credit card deal at approximately $12 billion, which &#8220;changes the story for an airline critiqued for its high leverage.&#8221;\u00a0<\/p>\n<p dir=\"ltr\">The analysts believe the deal will enable American Airlines to pay down debt more effectively, significantly improving its financial outlook.<\/p>\n<p dir=\"ltr\">While challenges in corporate and agency revenue recovery are expected to persist through the end of 2025, Bernstein sees the consistent cash flow from the credit card partnership as transformative.\u00a0<\/p>\n<p dir=\"ltr\">This development moves Bernstein to believe American Airlines is &#8220;closer to a have than a have-not,&#8221; solidifying its position as a more robust competitor in the airline industry.<\/p>\n<\/div>\n<p><script id=\"fb_pixel\" data-nscript=\"beforeInteractive\">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');<\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/bernstein-upgrades-american-airlines-closer-to-a-have-than-a-havenot-3764532\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investing.com &#8212;\u00a0Bernstein analysts raised American Airlines (NASDAQ:) to Outperform from Market-Perform on Tuesday, highlighting a combination of an improved industry backdrop and a new co-branded credit card deal that promises to generate significant cash flow. The firm also increased its price target for the stock to $24 from $14, reflecting the airline\u2019s improved financial prospects.<\/p>\n","protected":false},"author":1,"featured_media":38797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-38796","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bernstein upgrades American Airlines, &#039;closer to a have than a have-not&#039; By Investing.com | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Investing.com --\u00a0Bernstein analysts raised American Airlines (NASDAQ:) to Outperform from Market-Perform on Tuesday, highlighting a combination of an\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=38796\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bernstein upgrades American Airlines, &#039;closer to a have than a have-not&#039; 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