American Airlines Group Inc. (NASDAQ:AAL) stock is falling on Monday due to escalating geopolitical tensions in the Middle East, causing a spike in oil prices.
The decline is compounded by a recent capacity guidance downgrade and a rejected merger proposal that leaves the company managing its turnaround independently.
The Nasdaq is down 0.53% while the S&P 500 has shed 0.49% and AAL is sliding faster than the Industrials sector’s 1% drop.
Geopolitical Conflict Hits Energy
Crude oil rose more than 3% above $86 per barrel as the U.S. and Iran exchanged direct strikes for the first time in roughly a month.
