American Airlines Group Inc.

(NASDAQ:AAL) stock is trading higher on Monday morning.

The rally comes on the heels of a major geopolitical breakthrough in the Middle East that is directly shifting energy market dynamics.

Oil Plunges On U.S.-Iran Peace Deal The primary catalyst behind the surge in airline equities is a sharp decline in energy costs.

Crude oil plunged more than 5% on Monday to around $80 per barrel, touching a two-month low.