Why American Airlines Stock Is Higher Today
Shares of American Airlines Group (NASDAQ: AAL) climbed nearly 5% higher on Friday after a Wall Street analyst took the stock out of the penalty box. The last 12 months have been tough for American and other airlines, but it appears the company is finally on the mend.
American and other airlines have struggled to fly through the pandemic, with the entire industry sliding into the red in 2020 due to a lack of travel demand. But as vaccine counts rise, there is optimism that travelers are returning, and investors since last fall have been warming to the sector.
Image source: American Airlines.
Source Fool.com