American Airlines CEO Holds Steady as Fuel Costs Give Stock a Boost
American Airlines Group Inc. stock ticked up about 0.5% to $14.92 on Wednesday. CEO Robert Isom told investors that growth in revenue, premium bookings, and business travel was offsetting higher fuel costs, so the airline is keeping its full-year guidance flat. Shares traded between $14.85 and $15.39, with close to 88.8 million shares changing hands. Airlines are trading more directly on fuel moves now. Shares in fuel-sensitive names got a lift as oil fell after hints of movement in U.S.-Iran talks. Brent crude lost about 5%, settling at $94.29 a barrel.