Why American Airlines Stock Surged 5% Today
Repeating its feat of last week, American Airlines Group (NASDAQ: AAL) stock jumped 5.1% in early trading Tuesday after the company filed an 8-K report with the SEC detailing its operating performance for Q3.
Despite having to cancel "approximately 8,000" flights due to the arrival of Hurricanes Harvey, Irma, and Maria in the quarter, American Airlines says that its total revenue per available seat mile (TRASM) for the quarter will probably be up "approximately 0.5 to 1.5 percent" in comparison to Q3 2016.
Shares are still up 4.9% as of 11:15 a.m. EDT.
Source: Fool.com
American Airlines Group Inc. Stock
€10.49
5.740%
Our community is currently high on American Airlines Group Inc. with 13 Buy predictions and 3 Sell predictions.
With a target price of 18 € there is a hugely positive potential of 71.56% for American Airlines Group Inc. compared to the current price of 10.49 €.
