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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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Editor Associate Writer true 9281 14744 Rich Thomaselli has written for TravelPulse since 2014 and has been a professional journalist for nearly 40 years. His work has appeared in USA Today, the New York Times and New York Yankees publications. He is an 11-time writ
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