New York, Jan 9, 2026, 08:24 ET — Premarket
- American Airlines shares rose about 1.2% in premarket trading, coming off a weak finish in the prior session.
- Analysts have raised price targets heading into the next earnings round, as investors look at demand stretching into 2026.
- Traders are also keeping an eye on the U.S. jobs report and a Supreme Court tariff ruling as cues for the broader risk tone.
American Airlines Group Inc (AAL) shares were up 1.2% at $15.92 in Friday premarket trading, after finishing the previous session at $15.73. (Public)
Investors are trying to get a clearer read on what 2026 demand will look like for U.S. carriers — and what it will take to keep customers from drifting. Free perks can help fill seats, but they can also eat into margins.
Broader markets were cautious ahead of the December U.S. nonfarm payrolls report, due later on Friday, and a Supreme Court decision on the legality of President Donald Trump’s tariffs that could arrive as soon as the same day. (Reuters)
On the stock-specific side, analysts have been inching targets up heading into fourth-quarter previews. TD Cowen raised its price target on American to $19 from $16, saying the industry “navigated the shutdown better than expected” and that demand “looks to be entering 2026 with good momentum.” Citi lifted its target to $21 from $19 and said its business travel barometer has bottomed, while still expecting “conservative” 2026 outlooks from the biggest carriers. (TipRanks)
American is also rolling out free in-flight Wi‑Fi for AAdvantage members, part of the broader push by airlines to keep frequent flyers from drifting to rivals. “Free high-speed Wi-Fi isn’t just a perk — it’s essential for today’s travelers,” chief customer officer Heather Garboden said. Travel expert Katy Nastro at Going called it “a race for free Wi‑Fi for the major legacy carriers.” Delta and United have made similar moves with their own partners. (CX Dive)
Policy is another overhang. The U.S. Transportation Department has proposed easing how it handles penalties for some consumer-protection violations, and it’s also proposing to waive $16.7 million in fines imposed on American in 2024 while it reviews the action. The proposal is open for public comment for 30 days. (Reuters)
For chart-watchers, AAL remains well under its 52-week high. The 52-week range runs from $8.50 to $19.10. On Thursday, the stock traded in a tight band of about $15.68 to $16.08, with $16 sitting close by as an obvious screen level. (Investing)
But there is a catch. A softer jobs print can still whack travel names by stirring recession chatter, and higher fuel costs plus rising wage bills can eat into airline profits in a hurry. Free Wi‑Fi can also squeeze ancillary revenue if it ends up displacing paid internet sales, even if it helps hang on to high-value customers.
Next up, it’s pretty immediate: the U.S. payrolls data, plus whatever hits the tape on the tariff ruling. Then investors shift to American’s next results, expected around Jan. 22, and any 2026 outlook on unit revenue (revenue per seat mile, a pricing gauge) and cost trends. (MarketBeat)
