New York, Jan 10, 2026, 08:03 EST — The market has closed.
- AAL climbed 1.7% on Friday, closing at $15.99, following Susquehanna’s upgrade and a raised price target of $20.
- Investors are shifting focus to airline earnings and demand forecasts for 2026, while fuel costs remain the critical variable.
- Technicians have their eyes on the $16 level following Friday’s rally, as the Jan. 22 earnings report looms.
Shares of American Airlines Group Inc climbed 1.7% to close at $15.99 on Friday. Susquehanna upgraded the stock from “Neutral” to “Positive” and lifted its price target from $14 to $20. The firm highlighted a “constructive fundamental backdrop” for airlines through fiscal 2026. 1
The upgrade comes as investors pivot from early-year bets toward the upcoming batch of corporate earnings and macroeconomic data. U.S. stocks have held up well, though traders remain cautious ahead of earnings and inflation figures that could shift rate outlooks and hit cyclical sectors such as airlines. 2
Fuel remains a key factor. The Argus US Jet Fuel Index, closely monitored by airlines, stood at $2.09 a gallon on Jan. 9, per data from Airlines for America. The next major economic checkpoint is U.S. consumer price data, set for release on Jan. 13 at 8:30 a.m. Eastern, according to the Labor Department’s calendar. 3
Susquehanna analyst Christopher N. Stathoulopoulos, in a note ahead of American Airlines’ fourth-quarter results, suggested the carrier can close its margin gap by focusing more on premium products and boosting loyalty revenue, while improving network execution. He highlighted upcoming initiatives, including free high-speed Wi‑Fi for AAdvantage members on American’s narrowbody and dual‑class regional planes starting in January. Plus, a revamped co-branded credit card deal with Citibank could push partner payments higher over time. 4
American’s gains mirrored a broader upswing among U.S. airlines on Friday. Delta Air Lines climbed roughly 1.4%, United Airlines rose about 1.6%, and Southwest Airlines surged nearly 3.7% by the close, according to exchange data.
AAL is once again hovering near the $16 mark on the chart. It’s trading above both its 50-day moving average, which sits near $14.32, and the 200-day moving average, around $12.27, based on closing prices from Stooq. Resistance is looming just above at about $16.50, near the stock’s recent 20-day high. 5
But the bet isn’t straightforward. Airline margins can shift fast if jet fuel costs spike, spreads tighten, or demand slips. Even small changes in interest-rate outlooks can ripple through consumer travel budgets and corporate spending.
Trading picks back up Monday, with investors focused on the run-up to American’s anticipated Jan. 22 earnings report and the timing of its conference call listed on market calendars. Attention will also turn to the Fed’s policy meeting scheduled for Jan. 27–28. 6
