Buy Alert: American Airlines Stock Is Headed Higher
COVID-19 has undoubtedly decimated the airline industry due to border closures, safety concerns, high unemployment levels, and business austerity. Indeed, one of the nation's biggest airlines, American Airlines Group (NASDAQ: AAL), saw its stock fall by as much as 48% over the last twelve months, while the S&P 500 gained 20%.
What's more, pundits are now saying that global air travel may not recover until 2024. However, one key reason may cause the sector to regain its passenger volume much sooner than expected, and American Airlines could be among the best placed to benefit from an industry-wide rebound. Let us take a look.
Source Fool.com
