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Benzinga
Benzinga
Business
Henry Khederian

Why American Airlines Shares Are Falling

Shares of airline stocks, including American Airlines Group Inc (NASDAQ:AAL), are trading lower amid continued COVID-19 omicron variant concerns, with some governments imposing travel restrictions.

American Airlines is trading lower by 9% over the past five sessions and lower by 20% over the past month amid ongoing COVID-19 omicron variant concerns, which is weighing on reopening uncertainty.

See Also: Why Lowe's Shares Are Trading Lower Today

American Airlines is the world's largest airline by scheduled revenue passenger miles. After completing a major fleet renewal, the company has the youngest fleet of U.S. legacy carriers.

American Airlines has a 52-week high of $26.09 and a 52-week low of $14.71.

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