Why American Airlines Stock Flew Higher This Week
Shares in American Airlines (NASDAQ: AAL) flew higher by more than 10% in the week to Friday morning. The circumstances behind the move are unusual outside the airline industry. Here's why.
Usually, when a company issues an SEC filing warning that it has doubts over its ability to continue as a going concern, its peers sell off in sympathy. There's a logical sense to this because it indicates weak end-market conditions that all industry participants will suffer from.
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Source Fool.com
