American Airlines Relieved By Earnings Report
American Airlines ($AAL@US) previously believed it might experience as much as a 28% drop in revenue in the 3rd quarter, but its most recent earnings report shows that the airline lost only 25% of its revenue compared to the same period in 2019. Reaching back to 2019 helps airlines measure growth from before the COVID-19 pandemic began. Across the industry, American Airlines stock rose over half a percent. United Airlines ($UAL@US) stock rose nearly three-quarters of a percent but Delta ($DAL@US) stock fell nearly half a percent in early trading.