Why American Airlines Stock Is Up Today

1 min read

American Airlines Group (NASDAQ: AAL) said Monday it intends to restore most of its fleet to active status in anticipation of a summer surge in demand. On Tuesday, the stock was surging as a result, up more than 5% in afternoon trading.

American and other airlines endured a miserable 2020, with travel demand all but wiped out by the pandemic. But as the vaccine rollout continues, investors are growing more optimistic we’ll see a flood of leisure travel this summer, and American’s commentary served to confirm those expectations.

Image source: American Airlines.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Buy, Sell, or Hold the News From Zoom, Microsoft, and More?

Next Story

Why Academy Sports Stock Is Higher Today

Latest from Blog