American Airlines Stock Wobbles After Q1 Revenue Boost as Fuel Costs Threaten AAL Rally
American Airlines Group shares edged down over 1% in premarket trading Wednesday, trimming some of the gains from Tuesday’s rally. Travel stocks took a hit after a hotter-than-expected U.S. producer-inflation report landed alongside another jump in oil prices. Just a day earlier, the carrier had said it now expects first-quarter revenue to climb more than 10% from last year, topping its previous guidance.
