New York, January 13, 2026, 08:52 ET — Premarket
- American Airlines shares held steady in premarket action, following the lead from Delta’s guidance.
- Barclays bumped up its price target on American to $16 but held onto its equal-weight rating.
- Investors are focused on American’s earnings report due in late January and the U.S. safety hearing scheduled for Jan. 27, connected to a 2025 crash.
Shares of American Airlines Group Inc (AAL) edged up slightly to $16.00 in Tuesday’s premarket, following a close at $15.99 the day before.
The quiet shift hides a volatile day for airline shares. Delta Air Lines kicked things off with its results and 2026 outlook, revealing that the real story is the demand mix — premium seats are faring better than economy — not a sweeping surge in travel.
Delta CEO Ed Bastian didn’t mince words: “The strength in the consumer sector is at the higher end of the curve.” Investors will be watching closely to see if American and United Airlines echo that sentiment when they report later this month.
Analysts were active as well. On Monday, Barclays raised its price target for American Airlines to $16 from $12 but kept an equal-weight rating—a neutral call suggesting the stock will track the market’s performance. A price target reflects where the bank expects the stock to trade within the next year. (GuruFocus)
Policy risk is beginning to loom. President Donald Trump has suggested capping credit card interest rates at 10% for one year, starting Jan. 20. Wall Street analysts say this would probably need legislation to take effect; Barclays noted the president has “limited ability to implement this unilaterally.”
Banks and financial groups cautioned the proposal might ripple through fees and rewards by squeezing profitability. Some argued it could mean fewer rewards and higher annual fees for many borrowers. This is significant for airlines, since co-branded credit cards drive loyalty programs and bring in high-margin cash.
American faces significant risk from that narrative. The airline announced its expanded, exclusive deal with Citigroup to roll out AAdvantage co-branded cards, starting January 2026. (American Airlines Newsroom)
American hasn’t officially announced when it will release its next earnings, but MarketBeat projects the fourth-quarter report to drop Jan. 22, following usual timing. A conference call is expected the day before, on Jan. 21. Investors will focus on updates around pricing, cost trends, and capacity plans for 2026.
Macro factors are weighing in. U.S. consumer prices climbed 0.3% in December, with the core measure excluding food and energy up 0.2%, according to Tuesday’s data. Investors are now adjusting their expectations on the timing of the Federal Reserve’s next rate cut. (Reuters)
There’s another risk category unrelated to fares. The National Transportation Safety Board will hold a hearing on Jan. 27 about the January 2025 crash involving an American Airlines regional jet and a U.S. Army Black Hawk near Reagan Washington National Airport that claimed 67 lives. This comes after the Justice Department last month deemed the federal government responsible. (Reuters)
American’s biggest risk still lies in its financial and operational footing. The airline closed the third quarter with $36.8 billion in total debt. Any sudden dip in demand, a jump in fuel prices, or unexpected costs could quickly strain its heavily leveraged balance sheet. (SEC)
