In a bid to further boost trans-Atlantic travel, American Airlines – the wholly-owned subsidiary of the American Airlines Group (AAL) – announced that it will introduce a new daytime daily flight from Philadelphia International Airport to London Heathrow Airport . The new service is the second American Airlines flight in the route.
The company was created following the merger of American Airlines and U.S. Airways Group Inc., in late 2013 (read more: American Airlines to Merge with U.S. Airways). The London-bound flight, scheduled to depart at 9.55 a.m., will take a little over 12 hours and the Philadelphia trip will take three hours longer. The Boeing Company’s (BA) 757-200 aircraft will be used for the new service slated to be launched on May 29, 2015.
We remind investors that last week, another major U.S.-based carrier, Delta Airlines (DAL) had announced its plans to launch a new Philadelphia-London service on Apr 7 next year. Subsequent to the launch, the number of Delta Airlines flights between the U.S. and London Heathrow will increase to 12 and Philadelphia will become the 9th U.S. city to be connected to Heathrow via a Delta Airlines flight.
The carrier said in its press release that it, along with partner Virgin Atlantic Airways, will offer 39 daily flights between the U.S. and the UK by the summer of 2015. Out of the 39 flights, 10 will operate between New York and London.
American Airlines was also in the news recently when it announced the waiver of re-booking charges for fliers booked on Nov 26 for travel on its planes that will fly to, from or through 19 cities in the Northeast due to the anticipated disruptive weather conditions during the Thanksgiving week. Passengers can rebook flights under the scheme from today through Thanksgiving Day on Nov 27.
American Airlines carries a Zacks Rank #2 (Buy). A better-ranked stock in the airline space is Southwest Airlines (LUV) sporting a Zacks Rank #1 (Strong Buy).
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