American Airlines (AAL) shares dropped early Tuesday after the carrier issued a ground stop for all of its flights just as the busy Christmas Eve travel day was getting underway.
An unexplained technical issue was reportedly the cause for the halt order. A statement from American said, "our teams are working to resolve the issue as quickly as possible, and we apologize to our customers for the inconvenience."
The Federal Aviation Administration said American requested a ground stop for all its flights, according to reports.
↑ XFlightAware doesn't have many delays/cancellations reported currently.
American Airlines stock declined around 2.4% during premarket action on Tuesday after gaining 2.2% to 17.25 on Monday.
Airline Stocks: What's Next For The Airline, Travel Rally?
American Airlines stock has advanced more than 25% in 2024 while the 18 stocks in the IBD-tracked Transportation-Airline industry group have collectively gained around 47%.
Airline stocks have unfolded a record setting run off August lows. American doubled in value from early August to mid-December. It is now pulled back and testing short-term support.
Delta Air Lines (DAL) ran up 81% before its pullback. Shares are now poised for a rebound from the stock's 10-week moving average.
United Airlines (UAL) has rebounded from its 10-week line, and is trading 167% above its early August low.
Delta and United shares traded moderately higher early Tuesday.
Please follow Kit Norton on X @KitNorton for more coverage.
Is Tesla Stock A Buy Or A Sell?
Get Full Access To IBD Stock Lists And Ratings
Learning How To Pick Great Stocks? Read Investor's Corner
AI Is Fueling A 'Nuclear Renaissance.' Bill Gates And Jeff Bezos Are In The Mix.
The Lithium Price Cycle Has Bottomed. What To Expect Next For These Stocks.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。