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Qatar Airways aims to start buying American Airlines shares ‘soon’

July 6, 2017 By Conor Humphries DUBLIN (Reuters) – Qatar Airways Chief Executive Akbar al-Baker said on Thursday the Doha-based carrier would soon start buying shares in American Airlines “depending on the share price.” The state-owned company notified American Airlines last month that it was interested in buying up to 10 percent of its shares. Al-Baker told reporters in Dublin that Qatar Airways would buy up to 4.75 percent, despite a cool response given last month by the American Airlines CEO to its plan, once it has regulatory approval. (Writing…

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American Airlines says Qatar Airways interested in buying 10 percent stake

June 22, 2017 (Reuters) – American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country’s state-owned airline, had expressed interest in buying a 10 percent stake worth at least $808 million in the No.1 U.S. airline. Shares of American Airlines rose 5.5 percent to $51.08 in premarket trading. The news comes just weeks after Qatar was engulfed in a diplomatic row with neighbor Saudi Arabia, which led other nations including Egypt, the United Arab Emirates and Bahrain in cutting ties with Doha. Qatar Airways indicated that it…

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American Airlines raises second-quarter forecast for key revenue metric

May 9, 2017 (Reuters) – American Airlines Group on Tuesday raised its forecast for total revenue per available seat mile (TRASM), a key revenue metric, for the second quarter, citing improving yields and lower estimated fuel prices. The No. 1 U.S. airline said it now expects TRASM to increase about 3.5-5.5 percent in the quarter, compared with its earlier forecast of a rise of 3-5 percent. The company also said it now expects pre-tax margin, excluding certain items, to be between 12-14 percent for the quarter, up from its prior…

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