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American Airlines secures $1.85 billion through amendment to credit agreement

American Airlines has completed the twelfth amendment to its credit and guarantee agreement, refinanced all existing loans and took on new borrowings totaling $1.85 billion (refinancing of $1,146.8 million, $703.2 million additional). The loans run through May 29, 2033, carry either base rate plus a 2.00% margin or 3‑month SOFR plus 3.00% (interest floor 0.00%), and will be repaid from the second year with annual instalments of 1.00%. The company reports total debt of $34.9 billion and a current ratio of 0.49; despite rising fuel costs, CEO Robert Isom is sticking to the full-year guidance. » More on de.investing.com
Jim Cramer doubts American Airlines will pursue a sale as UBS raises price target

Jim Cramer said American Airlines has been a disappointment and expressed skepticism that the carrier would want to sell, though merger chatter persists. UBS raised its price target on American Airlines to $16 from $14 and kept a Buy rating ahead of the first-quarter report. UBS expects investor focus on demand trends and second-quarter revenue per available seat mile, and anticipates merger-related questions for management. » More on finance.yahoo.com
AA ordered to refund 80,000 learners and fined £4.2m over hidden booking fee

The Competition and Markets Authority fined AA £4.2m and ordered the AA driving schools to repay more than 80,000 learner drivers after finding they did not show the total lesson price upfront, adding a mandatory £3 booking fee later. The AA must repay over £760,000 to customers, with average payouts around £9, and admitted breaking the law. The CMA said cooperation reduced the potential penalty by 40%, and the AA has updated its website and begun refunds. » More on theguardian.com