Why American Airlines Shares Are Trading Lower
Portfolio Pulse from Henry Khederian
Shares of American Airlines Group Inc (NASDAQ:AAL) are trading lower by 3.85% to $16.10 during Tuesday's session. This is in sympathy with JetBlue, which fell after issuing weak guidance. JetBlue's Q2 FY23 results showed a 6.7% YoY growth in operating revenue, reaching $2.61 billion, and a substantial improvement in operating income. AAL has a 52-week high of $19.08 and a 52-week low of $11.65.
August 04, 2023 | 9:46 am
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American Airlines shares are trading lower due to weak guidance issued by JetBlue, despite JetBlue's positive Q2 FY23 results. This indicates a potential negative sentiment towards airline stocks.
American Airlines shares are trading lower in sympathy with JetBlue, which fell after issuing weak guidance. Despite JetBlue's positive Q2 FY23 results, this indicates a potential negative sentiment towards airline stocks, which could impact American Airlines' stock price in the short term.
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IMPORTANCE 75
RELEVANCE 100