American Airlines Group, Inc (NASDAQ:AAL) was falling more than 2% on Tuesday after declining 20% between June 7 and Monday.
On Tuesday, the airline announced about 4,500 pilots at three of its regional carriers, Envoy, Piedmont and PSA airlines, would receive large pay increases, with new pilots starting at as much as $90 per hour. American, like many other airlines, has suffered a pilot shortage, causing many of its planes to sit parked, despite a huge demand for travel.
