Airline stock American Airlines (NASDAQ:AAL) is starting off its new year with a bang and is changing up its frequent flier program. The move isn’t exactly sitting well with travelers, and that’s giving investors a few qualms as well. American shares were down fractionally in Tuesday afternoon’s trading as a result.
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The good news, at least for those gunning for “elite” status, is that the requirements won’t be changing. While there was a hike to reach “gold” status back in 2023, there won’t be a subsequent hike this year. Those longing for all those little perks like free baggage checks or seat upgrades will not have their goalposts moved.
There are, however, some big changes afoot. Those who enjoyed the Admirals Club and Flagship lounges without being an A Advantage member will be out of luck; only members will be able to get in now. Domestic standby flights without fees, and holding flights will also be members-only.
Is American Airlines Stock a Buy or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on AAL stock based on three Buys, seven Holds, and one Sell assigned in the past three months, as indicated by the graphic below. After a 4.87% loss in its share price over the past year, the average AAL price target of $14.68 per share implies 1.42% upside potential.
