American Airlines (NASDAQ:AAL) stock took off in mid-March. Shares were due to open at $18.16 on April 4, 40% higher than they were on March 7.
The end of mask mandates is helping power the stock higher. The company also raised its revenue outlook in mid-March. Combine that with easing fuel prices and there are high hopes for profits ahead.
An indication of that future comes when American reports its first quarter later this month. A loss of $2.50/share is expected. Beat that handily and the bulls will run.
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