American Airlines Group Stock Could Takeoff Soon

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Image result for airplane taking off 
   
   If you thought you had a bad day, just think of what is happening to American Airlines this year because they are having it worse. 

   American Airlines has been hit with unfortunate events this year which is making their stocks not look too attractive. American Airlines was forced to ground 24 of their Boeing 737 Max 8 airplanes after two 737 Maxes crashed from problems within the 737s. American Airlines was also troubled with unionized mechanic slowdowns causing problems for them.

   The American Airlines Group(Ticker: AAL) has a low P/E ratio of 9.25 making it not to overly valued which shows that their is room to growth and that the stock is performing better than past trends this year. Also American Airlines is looking attractive because it is currently priced at $28.05 which is -13.64% from the beginning of this year making it relatively low priced which means there is room to increase. Additionally American Airlines is projected to beat expected third quarter earnings because of their effort that they are putting into expanding their hubs in cities such as Washington DC. 

    It looks like American Airlines will have a pretty high chance of going up if they beat expectations and with the holiday season coming near, their sales are going to increase a lot which shows a positive outlook for American Airlines stock.

Edit: AAL has been up 12.8% at $31.65 since posted this.

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