American Airlines Group, Inc (NASDAQ:AAL) and United Airlines Holdings, Inc (NASDAQ:UAL) plummeted 25% and 30%, respectively, between March 1 and March 7 amid geopolitical uncertainty and soaring gas prices, which will spill over to ticket prices.
The stocks have mostly been trading in downtrends since March 2021, although American Airlines had one brief flight back up to its March 18 high of $26.10 on June 2. United Airlines reached a high of $63.70 on March 18 and has since slid over 50%, while American Airlines has lost 49% since that same date.
