Why American Airlines Stock Is Up Today
American Airlines Group (NASDAQ: AAL) said Monday it intends to restore most of its fleet to active status in anticipation of a summer surge in demand. On Tuesday, the stock was surging as a result, up more than 5% in afternoon trading.
American and other airlines endured a miserable 2020, with travel demand all but wiped out by the pandemic. But as the vaccine rollout continues, investors are growing more optimistic we'll see a flood of leisure travel this summer, and American's commentary served to confirm those expectations.
Image source: American Airlines.
Source Fool.com
