TSX:ACB 4 November 2025

June 16, 2026, 5:35 PM EDT. American Airlines shares rose 1.6% to $15.71 after oil prices dropped about 5%, easing cost pressures for U.S. airlines. Jefferies increased its price target to $15 from $13 while maintaining a Hold rating, citing solid demand and fares tracking 20% higher than last year. Brent crude closed at $78.96 and WTI at $76.05 per barrel amid speculation the Strait of Hormuz, a critical oil transit route, could reopen following a U.S.-Iran agreement. Despite facing over $4 billion in higher fuel costs, CEO Robert Isom affirmed the company's 2026 profit forecast. Airline sector stocks showed mixed moves, with Delta and United down but Southwest up. The broader market saw the Dow hit another record high while tech shares declined as investors awaited Federal Reserve policy decisions.