Why Is American Airlines Stock Surging on Friday?
American Airlines Group Inc. (NYSE: AAL) stock gains on Friday as crude oil drops below $100 and diplomatic discussions emerge.
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Why It Matters
Oil prices fell below $100 per barrel, which is good for airlines because they spend huge amounts on fuel. When fuel costs less, airlines keep more money, so people got excited about American Airlines.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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