The AAL network carrier offers transportation of passengers and cargo through air. At the beginning of 2018, the stock of the company was at $60 per share. The price kept on receding by the mid and end of 2019 before the outbreak of the virus.
A Short History
At the beginning of 2020, when the virus started its onslaught, the stock of American Airlines sold in a vast amount. Many of the stocks related to travels sold the same way. The travel and airline industry was primary affected due to the shutdown and travel bags all around the world. Before the pandemic hit around the beginning of February 2020, the AAL stock price was $30 per share.
It says that the stocks sold at $30 had decreased in price by 50% compared to the price in 2018. In March 2020, it came down to $14 per share, which is 50% …