NEW YORK (TheStreet) -- American AirlinesGroup (AAL) - Get Report stock is down by 1.10% to $39.72 in mid-morning trading on Monday, after a blizzard on the East Coast of the U.S. caused widespread flight cancellations.
Winter Storm Jonas affected regions between the Gulf Coast and New England, with the heaviest snow hitting West Virginia, according to Weather.com.
The Fort Worth, TX-based airline canceled 31% of its flights on Saturday and 21% of its flights on Sunday due to the blizzard, according to FlightAware.com. More than 5,000 flights were cancelled on Saturday.
American Airlines was the airline most affected by the storm, according to the New York Times.
Additionally, American Airlines allowed customers to change their flights with no charge, according to the company's website.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B-. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, notable return on equity, expanding profit margins, good cash flow from operations and compelling growth in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: AAL