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.

Must ReadWarren Buffett's 25 Favorite Stocks 

AAL Chart AAL data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn  more

If you liked this article you might like

How to Get Rich Using Warren Buffett's Favorite Stock Market Indicators

Here Are the Best Elite Airline Status Programs

How to Make Your Life Successful Just Like Billionaire Warren Buffett

3 Reasons American Airlines Is the Best Airline Stock to Own

How to Live Just Like Billionaire Warren Buffett