AAL is trading at $11.59 (+7.22%) in pre-market as global markets rally following a US-Iran ceasefire and the reopening of the Strait of Hormuz.
- Crude oil plunged 15% to $95.67, significantly easing fuel cost concerns for the airline industry after yesterday's geopolitical tensions.
- The stock is tracking a broader market surge, with the S&P 500 up 2.46% and the Nasdaq gaining 3.20% in early trading.
- While Delta Air Lines reports earnings today, there is no company-specific news for American Airlines driving the current price action.