Why American Airlines Stock Is Losing Altitude Today

American Airlines Group (AAL -7.99%) beat quarterly expectations, but its outlook for what's to come wasn't as rosy as some had hoped for. Investors are heading for the exits after the results, sending American shares down as much as 10% for the day and down 8% as of 12:30 p.m. ET.Steady progressAmerican and other airlines have used strong post-pandemic demand trends to rebuild balance sheets and boost profitability. The process continued in the fourth quarter, as American's $0.86 per share in earnings on s ...