American Airlines (AAL) Stock Continues Descent Today After November Traffic Drop

NEW YORK (TheStreet) -- American Airlines (AAL) shares continue to fall today, down 4.3% to $48.64, a day after the company released information that showed a drop in overall traffic during November.

The airline said that weak international travel numbers caused what it estimates to be between a -1% to 1% change in passenger revenue per available seat mile (PRASM) during the month. The US Airways parent company also said that its regional affiliates flew 16.16 billion miles, a 0.5% dip from the same period last year.

Despite a 15% jump in Pacific traffic, the company reported a 3.1% decline in international traffic during the month.

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Separately the company, along with other stocks in the sector, are being hurt today by fluctuating oil prices that have rebounded slightly from the multi-year lows that were reached yesterday. Delta Airlines (DAL) and Southwest Airlines (LUV) are down 3.1% and 3.7% today, respectively.

AAL Chart AAL data by YCharts

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