Why Shares of American Airlines Gained Altitude in December
2020 was a miserable year for airline stocks, with the pandemic causing travel demand to plummet and forcing the carriers to scramble to survive. But American Airlines Group (NASDAQ: AAL) managed to stick the landing, with the stock gaining 11.6% in December, according to data provided by S&P Global Market Intelligence.
Airlines around the world saw revenue dry up in 2020, and American was no exception. In years past that would have led to a large number of bankruptcies, but a combination of government assistance and private fundraising efforts have kept the industry airborne.
Image source: American Airlines.
Source Fool.com