AAL rallies 9% as airline stocks surge and Google inks SAF deal
American Airlines Group Inc. shares jumped Thursday, with AAL finishing up 9.17% at $14.65. The move returned the stock to the spotlight after airlines have been swinging around. Thursday’s range ran from $13.31 to $14.66. Early premarket data Friday put AAL at $14.75, up another 0.68%, per Google Finance. Airline stocks jumped across the board, not just at American. United Airlines climbed 9.56%, Delta was up 7.01%, and Southwest gained 7.45%—American shares finished the day 9.17% higher, MarketWatch data showed. The group move lined up with a rally for U.S. equities, with the S&P 500 adding 1.8%, Dow up 1.9%, and Nasdaq up 2.5%. Oil prices sank as worries about disruptions to global supply faded, AP said.
