American Airlines: Look Past S&P 500 Exit
AAG(AAL) Seeking Alpha·2024-09-14 04:55
honglouwawa As with the other airlines, American Airlines Group Inc. (NASDAQ:AAL) can't appear to catch a break. The stock is being stripped from the S&P 500 index just as airlines are confirming a rebuild in Q3 profits as capacity reductions are boosting numbers. My investment thesis remains ultra-bullish on the airline stock still trading near the COVID lows. Source: Finviz S&P 500 Removal In the upcoming quarterly rebalance, S&P Dow Jones Indices will remove American Airlines from the S&P 500. The airlin ...