It’s tough time to be a stockholder in an airline, that is, if you're one of the investors in American Airlines.
They’ve lost an average of
66 percent of their investments in the company over the
last five years.
Now, to be fair, the pandemic certainly had something to
do with that as major corporations across all spectrums lost money.
And the most recent numbers don’t bode well.
The stock is down 40 percent just in the last year and 18
percent in the last quarter. But it appears to be an anomaly as the company is
making money and revenue is up. But playing the stock market can sometimes be
an unpredictable task, especially with outside factors such as the pandemic.
With travel demand on the rise and getting back to
pre-pandemic levels, it means to be seen what will happen with one of the
world’s largest airlines.
Earlier this year, American increased its ancillary
revenue by raising its
baggage fees by $5 for the first time in five years.
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