American Airlines shares fell 6% Thursday because the carrier brought its pay rates up to Delta and United's pay rates. Some analysts wonder if the selloff was warranted.
American Airlines' share price fell Thursday after the carrier said it will give pilots and flight attendants a $1 billion pay raise over the next two and a half years.
American Airlines beat estimates and guides to positive current quarter unit revenue. The carrier also defers its initial delivery of the Airbus A350.
American Airlines will boost flight attendant and pilot pay by $1 billion over three years in a good faith gesture. Unions applauded; a top analyst panned the move.