American Airlines To Launch Proposed Offering Of $750 Mln Of Senior Secured Notes Due 2028

RTTNews | 978 дней спустя
American Airlines To Launch Proposed Offering Of $750 Mln Of Senior Secured Notes Due 2028

(RTTNews) - American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Notes will be guaranteed on a senior unsecured basis by American Airlines Group.

The Company expects to use the proceeds from the offering of the Notes to repay a portion of the term loans outstanding under the term loan credit facility established under the Amended and Restated Credit and Guaranty Agreement, dated May 21, 2015.

The Company expects that any term loans not repaid from the net proceeds of the Notes will be amended to extend the maturity date to February 2028. The final terms and amounts of the Notes are subject to market and other conditions, and may be materially different than expectations.

Тэгов: AAL
read more
US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

Major airlines in the United States, along with its various unions, urged the Biden Administration to pause additional passenger flights between the country and China, citing anti-competitive policies of the Chinese government. Following the news, most of China-based airlines were trading lower on Friday. Air China Ltd shares fell 2.9 percent, while China Eastern Airlines Corp. Ltd. dropped 2.5
RTTNews | 550 дней спустя
American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates

American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates

American Airlines reported Thursday a net profit for the second quarter that almost tripled from last year, reflecting operating revenue growth and lower operating expense, primarily aircraft fuel expenses. Adjusted earnings per share and quarterly operating revenues topped analysts' estimates. The company also raised its outlook for the full-year 2023.
RTTNews | 816 дней спустя
American Airlines Group Promotes Devon May To Succeed Derek Kerr As CFO

American Airlines Group Promotes Devon May To Succeed Derek Kerr As CFO

American Airlines Group, Inc. (AAL) announced Tuesday that Devon May has been named Chief Financial Officer, effective January 1, 2023, following a long-planned succession process. May, who is currently the airline's senior vice president of Finance and Investor Relations, will report to American's CEO Robert Isom.
RTTNews | 1036 дней спустя
American Airlines Boosts Q2 System Capacity Outlook

American Airlines Boosts Q2 System Capacity Outlook

American Airlines Group Inc. (AAL) on Tuesday revealed in a Form 8-K filing that it now expects second-quarter system capacity (total available seat miles or ASMs) to be down about 8.5 percent from 2019 to about 66.2 billion ASMs, up from the prior guidance for a decline of about 7 to 8 percent.
RTTNews | 1189 дней спустя
Commodity Currency's Slide Amid US-China Trade Tensions

Commodity Currency's Slide Amid US-China Trade Tensions

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, due to ongoing trade concerns between the United States and China.
RTTNews | 5 минут назад
Apple To Expand Renewable Energy Projects Across Europe

Apple To Expand Renewable Energy Projects Across Europe

Tech major Apple Inc. has unveiled a significant expansion of its renewable energy projects across Europe to boost energy capacity to match the electricity customers use to power its products. The new solar and wind projects, all enabled by Apple, will add 650 megawatts or MW of renewable energy capacity in various European countries, including Greece, Italy, Latvia, Poland, and Romania.
RTTNews | 49 минут назад