Why Is American Airlines Stock Falling on Friday?

American Airlines Group Inc. (NASDAQ: AAL ) stock traded lower on Friday as volatile oil markets and reduced forward earnings guidance weighed on the carrier. The Nasdaq is up 0.85% while the S&P 500 has gained 0.34%. Oil Market Volatility Crude oil traded around $77 per barrel on Friday as investors weighed negotiations between Iran and Oman regarding the Strait of Hormuz. Optimism faded following reports that Iran sought to exclude U.S. and Israeli vessels while imposing transit fees. President Donald Trump said the conflict could end "pretty soon" and that discussions were progressing. However, reported attacks near Qeshm Island and Houthi militant strikes added to shipping security concerns, according to Trading Economics. Read Also: Terrible Jobs Report Sparks Rally In AI and Tech: 10 Stocks Leading Friday's Surge Slashed Forward Guidance American Airlines lowered its third-...