Why American Airlines Stock Is Up Today
American Airlines Group (NASDAQ: AAL) updated its second-quarter guidance, and an analyst took the airline stock out of the penalty box. The two moves together were enough to get the stock soaring 7% higher on Wednesday morning.
American, like all airlines, suffered a miserable 2020 as the pandemic ate into travel demand, but the industry has rebounded nicely in the U.S. as vaccines have become more widespread and consumers stuck in their houses for more than a year head out on summer vacation. Shares of American were up as much as 60% for the year in June as it appeared the worst of the pandemic was behind us.
Image source: American Airlines.
Source Fool.com
