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Why Shares of American Airlines Lost Altitude in July

Why Shares of American Airlines Lost Altitude in July

Shares of American Airlines Group (NASDAQ: AAL) lost 14.9% in July, according to data provided by S&P Global Market Intelligence, as early summer hopes for a rebound in demand proved to be premature. Airlines have been hit hard by the pandemic, which has cut travel demand to near-zero, and from the start, American has been considered the most vulnerable to an extended downturn.