American Airlines Group (AAL) Stock Slips as Oil Tops $100 Again, UBS Cuts Price Target
American Airlines shares fell 2.1% to $10.59 Tuesday as oil prices climbed above $100 a barrel, raising concerns over fuel costs. Brent crude rose 1.8% to $101.77 after Iran denied talks with the U.S. Delta, United, and Southwest shares also slipped. UBS and Citi cut their price targets on American, citing higher jet fuel prices and sector risks.