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American Airlines Stock Takes Off, Options Traders See It Grounded Soon

American Airlines Stock Takes Off, Options Traders See It Grounded Soon

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American Airlines (NASDAQ: AAL) rebounded over 6% Tuesday after the stock gapped down on Monday amid concerns over the rapid spread of the COVID-19 Delta variant and how it may impact travel. American Airlines is set to print its second-quarter earnings Thursday and the company sees revenues down 37.5% but its cost per available seat up 11% to 12% compared to the same quarter in 2019.

...read full article on Benzinga

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