Why American Airlines Group Inc. Stock Is Stuck Near $11 as Oil Tops $100
American Airlines shares fell 0.6% to $11.04 Thursday as oil briefly topped $100 a barrel after new Gulf shipping attacks. Jet fuel prices have doubled since the Iran conflict began, squeezing airline margins. American is more exposed than rivals due to a lack of fuel hedging. The carrier will present at J.P. Morgan’s Industrials Conference on March 17.