benzinga135d ago
American Airlines Group Inc. (NYSE:AAL) shares are jumping higher on Friday. The airline stock’s upward movement came as the S&P 500 climbed 1.68% and the Dow Jones Industrial Average advanced 2.16%, suggesting American Airlines benefited from improved overall market sentiment rather than company-specific catalysts. • American Airlines Group shares are powering higher. What’s fueling AAL momentum?Recent Performance ChallengesDespite Friday’s rally, American Airlines has struggled over the past year, posting a 12-month decline of 11.02%. The stock is now trading closer to its 52-week high of $17.40 than its low of $8.50, indicating some recovery from earlier weakness.The carrier recently reported a fourth-quarter earnings miss on Jan. 27, with adjusted earnings of ...Full story available on Benzinga.com