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AAL reported a narrower than expected loss in the third quarter of 2021. However, high fuel and labor costs could derail efforts by most U.S. airlines to return to profit. Also, analysts expect AAL to face labor shortages and high costs. AAL is struggling with operational issues and staffing challenges, canceling hundreds of flights for a fourth straight day on November 2.
Shares of AAL have gained 75.3% in price over the past year and 25.4% year-to-date to close yesterday’s trading session at $19.83. However, the stock is trading below its 50-day and 200-day moving averages.
