American Airlines Stock

The airline industry and American Airlines stock have suffered shocks from both the coronavirus crisis and the Boeing (BA) 737 Max grounding. Is AAL stock a good buy as the Covid-19 vaccine rollout starts and the Boeing 737 Max takes to the air again? For the answer, take a look at American’s earnings and stock chart.

Airlines have been struggling during the Covid-19 pandemic. But American Airlines (AAL) stock is unexpectedly on the rise. A short squeeze has rattled the market as a group on the popular message board site Reddit looked to take on hedge funds, resulting in massive gains for AMC Entertainment (AMC) and GameStop (GME).

American is the most shorted U.S. airline with nearly 30% of its 500-million share float sold short. Shares jumped Jan. 28 after it reported a smaller-than-expected fourth-quarter loss, and after being mentioned on the r/WallStreetBets forum on Jan. 27.

But late on Jan. 28 → READ MORE…