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What's Going On With American Airlines Stock Today?

Author: Lekha Gupta | July 19, 2024 09:16am

American Airlines Group Inc. (NASDAQ:AAL) shares are trading nearly flat today. The company reportedly implemented a ground stop for all flights early today because of a communication problem.

However, American Airlines stated earlier that the outage did not affect its operations, reported Reuters.

Related: Microsoft Outage Wreaks Havoc On World As 911, International Airlines, Banks And Airport Services Disrupted (UPDATED)

The outage began at approximately 6 p.m. ET on Thursday, affecting a subset of its customers with issues in multiple Azure services in the Central U.S. region. Azure is a cloud computing platform that offers services for building, deploying, and managing applications and services.

Other low-cost carriers, including Frontier Group Holdings Inc. (NASDAQ:ULCC), Allegiant Travel Company (NASDAQ:ALGT), and Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY), experienced outages that affected their day-to-day operations.

Investors can gain access to the stock via U.S. Global Jets ETF (NYSE:JETS) and First Trust Nasdaq Transportation ETF (NASDAQ:FTXR).

Also Read: CrowdStrike Shares Trim Heavy Losses As Microsoft Announces Resolution Of Global Tech Outage: ‘This Is Clearly A Major Black Eye’

Price Action: AAL shares are up 0.09% at $10.61 premarket at the last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

Posted In: AAL ALGT FTXR JETS MSFT SNCY ULCC

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