American Airlines Group Inc. (AAL), headquartered in Fort Worth, Texas, is a major US-based airline boasting a market cap of $9.45 billion. The company’s wholly-owned subsidiaries are American Airlines, Envoy Aviation Group, PSA Airlines, and Piedmont Airlines. Its primary business is to provide passenger and cargo services.
Shares of this leading airline carrier have underperformed the broader market considerably over the past year. AAL has gained 5.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.7%. But in 2024, the gap narrowed, with AAL stock rising 4.8%, while the SPX is up 9.5% on a YTD basis.
