American Airlines Stock Faces Fuel Question as United Merger Buzz Fades

American Airlines Group Inc. shares hovered near flat in early premarket trade Friday, steady after Thursday's steep loss, as the airline moved to cut some summer flights due to high jet fuel prices. AAL was at $13.32 at 7:01 a.m. EDT, up 0.1% before the Nasdaq opened, after falling 1.99% to close at $13.30 on Thursday. Premarket trades are done before the exchange opens.

American Airlines Group Inc. traded at $13.57 early Thursday, putting the carrier’s valuation near $9 billion after it cut some late-summer flights due to higher fuel costs. The stock is listed on Nasdaq and is included in the S&P 500.

American Airlines Group shares picked up a bit in premarket trade Friday, after falling in the last session. Investors are balancing steady travel demand with rising fuel costs.

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.

American Airlines Group Inc. shares traded higher in premarket action Tuesday. Airline stocks steadied after the Memorial Day break, with investors eyeing oil’s latest move and holding onto hopes for travel demand.

American Airlines Group Inc. shares are set to reopen Tuesday with more buyers in the mix, as the stock rallied last week and oil prices eased during the Memorial Day market break.

American Airlines Group traded down in early premarket hours Friday, dipping 0.6% to $13.51 and easing after Thursday’s near 5% jump. Investors are watching the carrier’s fuel expenses ahead of CEO Robert Isom’s meeting with Wall Street next week. Shares ended Thursday at $13.59. Premarket trades post before the usual 9:30 a.m. New York market start.