The Department of Transportation fined American Eagle Airlines, a regional affiliate of American Airlines (NYSE:AMR), $900,000 for tarmac delays, enforcing a rule from April 2010 that limits tarmac delays on domestic flights to three hours, reported Associated Press.
Transportation Secretary Ray LaHood said in a statement, "We put the tarmac rule in place to protect passengers and we take any violation very seriously."
AMR (NYSE:AMR) has potential upside of 98.8% based on a current price of $2.25 and an average consensus analyst price target of $4.47.
AMR is currently below its 50-day moving average (MA) of $2.88 and below its 200-day MA of $4.99.
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