Why Shares of American Airlines Are Down Today
Shares of American Airlines Group (NASDAQ: AAL) fell another 5% on Tuesday, continuing a difficult week for the airline stock. On Tuesday afternoon, American shares traded at their lowest level since the company emerged from bankruptcy in 2013 as investors continue to fret about growing threat posed by the coronavirus.
American Airlines actually has less exposure to China and Asia than rivals Delta Air Lines and United Holdings, but as the virus has spread globally it is American that is increasingly in investors' crosshairs. Shares of American are down 11% so far in February, compared to Delta's 7% decline and United's 4% drop.
An American Airlines 737 in flight. Image source: American Airlines.
Source Fool.com
