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

NEW YORK (TheStreet) -- Shares of American Airlines Group Inc. (AAL) 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) down -4.06% to $40.22, Alaska Air Group (ALK) down -1.96% to $96.80, and United Continental Holdings Inc. (UAL) down -4.38% to $45.67.

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