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Why American Airlines Group (AAL) Stock Is Falling On Wednesday

NEW YORK (TheStreet) -- Shares of American Airlines Group Inc. (AAL - Get Report) are down -3.05% to $42.33 today as the airline group takes a hit following Lufthansa's(DLAKY) 2014 profit warning.

Lufthansa, a Germany-based aviation company, cut its profit outlook to 1 billion euros for 2014, from its previous forecast of 1.3 to 1.5 billion euros, Reuters reports.

The company also reduced its 2015 outlook to 2 billion euros, from 2.65 billion.

Other airline stocks declining off of the news include Delta Air Lines (DAL - Get Report) down -4.06% to $40.22, Alaska Air Group (ALK - Get Report) down -1.96% to $96.80, and United Continental Holdings Inc. (UAL - Get Report) down -4.38% to $45.67.

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AAL Chart AAL data by YCharts

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DLAKY $15.66 0.55%
AAL $35.97 -2.00%
ALK $72.01 -2.10%
DAL $42.87 -1.90%
UAL $48.05 -1.80%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

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