American Airlines Stock Is Sliding: What's Going On?

American Airlines Group Inc AAL shares are trading lower Wednesday. The company issued preliminary results below analyst expectations.

What Happened: American Airlines said it now expects first-quarter revenue of approximately $12.194 billion versus estimates of $12.23 billion, according to Benzinga Pro. The airline company sees first-quarter adjusted earnings in a range of 1 cent to 5 cents versus estimates of 7 cents per share. 

American now expects to report adjusted operating margins of 3.5% and end the quarter with approximately $14.4 billion in total available liquidity. 

American Airlines is set to report first-quarter results on April 20.

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AAL Price Action: American has a 52-week high of $21.42 and a 52-week low of $11.65.

The stock was down 2.86% at $13.91 at time of publication, according to Benzinga Pro.

Photo: courtesy of American Airlines.