Notable Hit: (AAL:NYSE) On Thursday October 20, 2022 American Airlines Group Inc. (AAL) posted revenues of $13.46bn surpassing the consensus estimate by +1.2% and in the same direction as Advan's forecasted sales. The revenue increased 50% YoY and in line with Advan's foot traffic data increase of 3.5% YoY at its terminals for Q3 2022. Advan's footfall data has a correlation of 0.98 on a YoY basis with AAL's top-line revenue over the last 15 quarters.
Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.
Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.
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