The pilot agreement is more significant for American now as Delta (DAL) pilots are currently in negotiations and using American’s new contract as a base level for their request. The company has a market cap of $28.70 billion and a P/E ratio of 9.05. It plans to grow its total capacity by 1 percent this year. During the second quarter, the company bought back shares worth in excess of $750 million and declared quarterly dividend of 10 cents per share. Analysts at Morgan Stanley downgraded shares of American Airlines Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $62.00 to $49.00 in a research note on Tuesday, June 23rd.

American Airlines said Friday that its second-quarter profit almost doubled to $1.7 billion on sharply cheaper jet fuel.

Southwest, United, and American Airlines said this week that passengers are paying slightly lower airfares than they did a year ago. But a $1.2 billion savings in fuel costs enabled American to report a record profit. The airline’s Board of Directors has authorized an additional $2 billion share repurchase program to be completed by December. 31, 2016.

American Airlines narrowly missed revenue estimates in the first quarter as well, when the company reported total operating revenue of $9.82 billion.

Analysts tracked by Zacks have given American Airlines Group, Inc. a mean long term growth estimate of 13.1.

American said that revenue for each seat flown one mile will drop by between 6 and 8 percent in the third quarter. The airline repurchased 17.3 million common shares at an average of $45.53 per share.

Consolidated passenger yield shrank 6.1 percent to 16.28 cents.

American Airlines Group Inc on Friday said it is facing sharp declines in unit revenue for months to come, sending its stock down almost 7 percent, even though the company posted its highest profit ever last quarter. “The more than 100,000 dedicated team members of American Airlines are doing a phenomenal job and we are grateful for their commitment to our customers”.

The stock price movement in pre-trading hours is noted to be treading on an upwards trajectory and increased by 2.39%, as at 8:23 AM EDT, which pulled the share price up to $43.63.