AAL Stock Down 12.5% in a Month: Is it a Golden Buying Opportunity?
American Airlines (AAL) stock has declined 12.5% over the past month despite strong air travel demand. The decline was primarily due to the loss of business travelers following a faulty sales strategy, the unfortunate mid-air mishap of one of its flights, and concerns about high labor costs. The sell-off was fierce on Jan. 23 when AAL declined nearly 9% in a single day, following the disappointing outlook shared by the company while releasing its fourth-quarter 2024 results.AAL stock’s double-digit decline ...