American Airlines stock recovers after Christmas Eve flight ground stop
American Airlines stock initially dropped after the airline issued a ground stop for all flights on Christmas Eve due to a technical issue. The problem was linked to software for calculating aircraft weight and balance. The ground stop lasted about an hour, and American Airlines has since resolved the issue. The stock fell 5% in early trading but recovered to a loss of less than 1% later in the day. Despite the disruption, American Airlines stock has risen over 25% in 2024, reflecting a strong performance in the airline industry. Other major airline stocks, including Delta and United, also saw moderate gains.