American Airlines (AAL) Dips More Than Broader Markets: What You Should Know

American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
This story originally appeared on Zacks

American Airlines (AAL) closed at $16.91 in the latest trading session, marking a -1.23% move from the prior day. This change lagged the S&P 500’s 0.75% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.23%.

American Airlines (AAL) Dips More Than Broader Markets: What You Should Know – Zacks

Heading into today, shares of the world’s largest airline had lost 15.75% over the past month, lagging the Transportation sector’s loss of 3.62% and the S&P 500’s loss of 0.13% in that time.

American Airlines will be looking to display strength as it nears its next earnings release. On that day, American Airlines is projected to report earnings of -$1.72 per share, which would represent year-over-year growth of 55.44%. Meanwhile, our latest consensus estimate is calling for revenue of $9.09 billion, up 125.79% from the prior-year quarter.

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