American Airlines stock drops after carrier hikes pay

American Airlines shares dropped 7.3 percent to $43 Thursday after the carrier said it would raise pay for pilots and flight attendants, prompting downgrades from Wall Street analysts.

April 30, 2017 at 3:52AM
FILE - In this Monday, Feb. 15, 2016, file photo, Monopoly Ultimate Banking Game from Hasbro is displayed at Toy Fair in New York. Hasbro reported earnings, Monday, April 24, 2017, and its revenue surpassed that of its rival Mattel for the first time in 17 years. (AP Photo/Mark Lennihan, File)
Hasbro reported an increase in its quarterly profit on rising demand for Monopoly and other games. (The Minnesota Star Tribune)

Lost altitude: American Airlines shares dropped 7.3 percent to $43 Thursday after the carrier said it would raise pay for pilots and flight attendants, prompting downgrades from Wall Street analysts. Shares closed the week at $42.62.

Nice game: Hasbro shares rose 6 percent to $101.70 Monday after the toymaker reported a 41 percent jump in its quarterly profit on rising demand for both mobile games and classics like Monopoly, which saw classic player pieces like the wheelbarrow replaced by a dinosaur. Hasbro shares closed Friday at $99.11.

Well-oiled machinery: Caterpillar soared 6.5 percent, to $103.11 Tuesday after reporting stronger revenue and profits for the first quarter than expected. It also raised its forecast for full-year results. Shares closed the week at $102.26.

Ante up: Wynn Resorts jumped 6.4 percent, to $125.75 Wednesday after reporting revenue and profits that topped expectations. The company saw stronger revenue from its Las Vegas casino, as well as its new Macau resort. Shares closed Friday at $123.01.

Rolled: U.S. Steel plunged 25.7 percent, to $23.13 Wednesday after it reported a loss for the first quarter and cut its profit forecast for the year. The company said the results were hurt by "operating challenges" at its flat-rolled facilities that prevented it from benefiting fully from improved market conditions. Shares closed the week at $22.32.

Not for sale: Magazine publisher Time Inc. plunged 17 percent to $15.20 Friday after the company said it has decided not to sell itself.

news services

about the writer

about the writer

More from Business

card image
card image