As a result of the new agreement with Citi (C) and based on its current projections, including current macroeconomic assumptions and new customer acquisition and other program growth, American (AAL) presently expects cash remuneration from its co-branded credit card and other partners to grow by approximately 10% annually.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- Senators, airline executives argue over checked bags, NY Times reports
- American Airlines call volume above normal and directionally bullish
- American Airlines placed on ‘positive catalyst watch’ at Citi
- American Airlines price target raised to $19 from $16 at Citi
- American Airlines assumed with a Neutral at UBS