{"id":397749,"date":"2021-01-29T10:31:56","date_gmt":"2021-01-29T05:01:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397749"},"modified":"2021-01-29T10:31:56","modified_gmt":"2021-01-29T05:01:56","slug":"american-airlines-shares-surge-as-shorts-squeezed-after-results","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/american-airlines-shares-surge-as-shorts-squeezed-after-results\/","title":{"rendered":"American Airlines&#8217; shares surge as shorts squeezed after results"},"content":{"rendered":"<p>Shares in American Airlines Group Inc surged more than 20% in opening trading after the carrier was mentioned on Reddit&#8217;s WallStreetBets forum and it posted a slimmer-than-expected quarterly loss on Thursday.<\/p>\n<p>American joined rival Delta Air Lines in calling 2021 a year of recovery for an industry that has been ravaged by the coronavirus pandemic, but airlines continue to burn through millions of dollars every day and the strength of the rebound will depend on the pace of vaccine rollouts and the easing of travel restrictions.<\/p>\n<p>&#8220;As we look to the year ahead, 2021 will be a year of recovery. While we don\u2019t know exactly when passenger demand will return, as vaccine distribution takes hold and travel restrictions are lifted, we will be ready,&#8221; American Airlines Chief Executive Doug Parker said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in American Airlines Group Inc surged more than 20% in opening trading after the carrier was mentioned on Reddit&#8217;s WallStreetBets forum and it posted a slimmer-than-expected quarterly loss on Thursday. American joined rival Delta Air Lines in calling 2021 a year of recovery for an industry that has been ravaged by the coronavirus pandemic, but airlines continue to burn through millions of dollars every day and the strength of the rebound will depend on the pace of vaccine rollouts and the easing of travel restrictions. &#8220;As we look to the year ahead, 2021 will be a year of recovery. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-397749","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=397749"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397749\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}