Zinger Key Points
- American Airlines implemented a ground stop due to a communication problem but later stated operations were unaffected.
American Airlines Group Inc. AAL shares are trading nearly flat today. The company reportedly implemented a ground stop for all flights early today because of a communication problem.
However, American Airlines stated earlier that the outage did not affect its operations, reported Reuters.
The outage began at approximately 6 p.m. ET on Thursday, affecting a subset of its customers with issues in multiple Azure services in the Central U.S. region. Azure is a cloud computing platform that offers services for building, deploying, and managing applications and services.
Other low-cost carriers, including Frontier Group Holdings Inc. ULCC, Allegiant Travel Company ALGT, and Sun Country Airlines Holdings, Inc. SNCY, experienced outages that affected their day-to-day operations.
Investors can gain access to the stock via U.S. Global Jets ETF JETS and First Trust Nasdaq Transportation ETF FTXR.
Price Action: AAL shares are up 0.09% at $10.61 premarket at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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