Why American Airlines Gained Altitude in March

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Shares of American Airlines Group (NASDAQ: AAL) gained 14.1% in March, according to data provided by S&P Global Market Intelligence, as the market responded to clear signals by the airline that the worst of the pandemic is now behind it.

Airlines were hit hard in 2020, and American was no exception. The pandemic caused demand for air travel to decline significantly, forcing carriers to scramble to raise money and avoid running into liquidity issues.

Image source: American Airlines.

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