Why American Airlines Stock Is Falling Today
Wall Street is increasingly worried about the direction of the economy, and as a result investors are selling off companies that could be most exposed to a downturn.
Shares of American Airlines Group (NASDAQ: AAL), arguably one of the most vulnerable of the airlines, traded down 5% as of 1:30 p.m. ET.
Airline stocks tend to be cyclical, doing better when times are good and falling off when consumer confidence falls. Households are more likely to forgo a vacation than a grocery store run, so demand typically falls off if consumers are feeling pinched.
Source Fool.com
