What's Happening With American Airlines (AAL) Stock
Portfolio Pulse from Henry Khederian
American Airlines Group Inc (AAL) shares are trading lower by 1.61% after Southwest Airlines reported mixed second-quarter results. Southwest's earnings per share were lower than expected, and they reported an increase in economic fuel costs and operating expenses. Despite an increase in sales, business revenues have not yet reached pre-pandemic levels.
July 27, 2023 | 2:41 pm
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American Airlines' stock is trading lower due to Southwest's mixed Q2 results and increased operating costs. The airline industry is still recovering, and business revenues have not yet reached pre-pandemic levels.
Southwest's mixed Q2 results and increased operating costs have negatively impacted the stock prices of other airlines, including American Airlines. The ongoing recovery of the airline industry and the fact that business revenues have not yet reached pre-pandemic levels are likely contributing to this decrease in stock price.
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