Is US Airways Enticing After Recent News?
T = Trends for a Stock’s Movement
US Airways operates and owns passenger and freight airline carriers. Consumers and companies across the nation are now looking to travel at an increasing rate, and since air travel is quicker and less expensive, it is becoming a common transportation method for many. As costs decrease and flights become more efficient, look for business and retail customers to fly more than ever.
Friday is the last day that shares of AMR Corp. (AAMRQ.PK) and US Airways will trade separately before the newly merged airline, American Airlines Group, will begin trading on the Nasdaq under the ticker AAL on Monday. The merger will bring AMR Corp. out of bankruptcy, and a recent report from the Wall Street Journal found that for those who bought shares of the struggling company when it was at its lowest, AMR Corp. represents one of the best investments in the last several years. Shares of the new American Airlines Group are expected to open trading at around the same price as US Airways trades on Friday. US Airways shares were trading at $21.93 at the time of writing on Wednesday.