What's Going On With American Airlines Shares On Friday?
Portfolio Pulse from Shivani Kumaresan
American Airlines (NASDAQ:AAL) shares experienced volatility on Friday amid potential labor unrest as unionized flight attendants threaten to strike due to unresolved contract negotiations. Despite the tension, AAL shares are trading slightly higher. The airline has also lowered its earnings and operating margin forecasts for the second quarter.
June 21, 2024 | 2:48 pm
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American Airlines faces potential labor unrest as flight attendants threaten to strike over unresolved contract negotiations. Despite this, AAL shares are trading slightly higher. The airline has also lowered its earnings and operating margin forecasts for Q2.
The threat of a strike from flight attendants introduces significant uncertainty and potential operational disruptions for American Airlines. This labor issue, combined with the lowered earnings and margin forecasts, is likely to exert downward pressure on the stock in the short term.
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