NEW YORK, Jan 12, 2026, 19:41 EST — After-hours
- American Airlines shares closed up just 0.06% at $16.00 and barely moved in after-hours trading
- A Trump plan to cap credit-card interest rates has renewed attention on the economics behind airline rewards
- Barclays raised the stock’s price target to $16 while maintaining its Equal Weight rating
Shares of American Airlines Group Inc (AAL.O) hovered around $16 in after-hours trading Monday, following a modest gain during the regular session. The stock outpaced some airline rivals as investors digested President Donald Trump’s plan to cap credit-card interest rates. Late Monday, AAL shares were at $16.00, having fluctuated between $15.39 and $16.25 throughout the day. (MarketWatch)
The policy angle matters because airlines’ loyalty programs do more than just fill seats. A major tool here is the co-branded credit card — issued by banks, it lets customers rack up miles on everyday purchases. American Airlines offers a Citi / AAdvantage card, part of a broader setup where banks buy miles and airlines rely on rewards to keep customers loyal. (Citi)
On Monday, Trump put forward a plan to cap credit-card interest rates at 10% for one year starting Jan. 20. That sent investors scrambling to adjust prices on assets tied to card profits. The move coincided with renewed concerns about political interference with the Federal Reserve and uncertainty over interest rate trajectories. (Reuters)
The key issue is whether a cap would cut into the funds that bankroll rewards. Raymond James analyst Ed Mills told Barron’s this would need congressional approval. Jefferies analyst John Hecht dismissed it as “dead on arrival,” the magazine reported. Barron’s also highlighted that Delta pulled in $2 billion from its American Express deal in Q3, showing just how crucial these loyalty partnerships have become for airlines. (Barron’s)
Barclays analyst Brandon Oglenski bumped up his price target on American Airlines to $16 from $12, while maintaining an Equal Weight rating, The Fly reported. (TipRanks)
The industry faces fresh turbulence with merger talk resurfacing among smaller airlines. Allegiant announced plans to acquire Sun Country in a transaction worth roughly $1.5 billion, debt included. Carriers are clearly chasing greater scale and network clout in an already packed U.S. market. (Reuters)
The credit-card debate cuts both ways for shareholders. Should Washington turn this proposal into law, issuers might slash rewards, tighten terms, or even rethink the whole points system. Those changes would hit airlines too, through reduced mileage sales or smaller marketing payments linked to card spending. (Barron’s)
American faces a crucial date on Jan. 27 when the National Transportation Safety Board will hold a hearing to pinpoint the probable cause of a deadly mid-air collision last January near Washington’s Reagan National airport. The crash involved an American Airlines regional jet and is expected to draw significant attention beyond the usual fare or fuel issues.
Macro data is expected to steer the market early on. Economists forecast the U.S. consumer price index for December will reflect inflation around 2.7% year-on-year. Core inflation, excluding food and energy, is anticipated to edge up slightly, according to Investopedia. (Investopedia)
The next major trigger is Tuesday’s CPI report, due Jan. 13 at 8:30 a.m. Eastern. It could shake up rate expectations and impact risk appetite in travel and credit-linked stocks. For American, eyes will be on any new details—or potential pullbacks—regarding the proposed rate cap as the market heads into a packed schedule of earnings and policy updates. (Bls)
