Why American Airlines Stock Is Falling Today
Shares of American Airlines Group (NASDAQ: AAL) fell 5% at the open on Tuesday after the company previewed its first-quarter earnings report. The pandemic continues to take its toll, and that is putting pressure on the stock.
American and other airlines had a difficult run in 2020 as the pandemic wiped out demand for air travel, causing the industry to scramble to raise cash and ride out the crisis. We've seen some signs of normalization so far in 2021 as the vaccine rollout progresses, with American shares up as much as 60% year to date in mid-March.
Image source: American Airlines.
Source Fool.com