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