American Airlines (AAL) Snaps Losses, Jumps 13% on Upbeat Travel Sector Outlook

American Airlines Group Inc. (NASDAQ:AAL) is one of the stocks that are flying past expectations.

American Airlines snapped a three-day losing streak on Thursday, surging 12.72 percent to close at $12.94 apiece as investors repositioned portfolios ahead of the release of its second quarter results, with sentiment buoyed by one of its peers’ impressive earnings.

In a statement, American Airlines Group Inc. (NASDAQ:AAL) said it would announce the results of its second quarter financial and operating performance on July 24 at 7:30 AM Central Time (8:30 AM Eastern Time).

During the session, American Airlines Group Inc. (NASDAQ:AAL) rallied alongside its peers after Delta Airlines’ impressive earnings and upbeat comments about stabilizing travel demand, sparking optimism across the overall sector.

American Airlines (AAL) Snaps Losses, Jumps 13% on Upbeat Travel Sector Outlook

A passenger jet taking off, representing the company’s commitment to air transportation services.

In the first quarter of the year, American Airlines Group Inc. (NASDAQ:AAL) widened its net loss by 52 percent to $473 million from $312 million in the same period last year. Total operating revenues, meanwhile, ended flat at $12.5 billion.

While we acknowledge the risk and potential of AAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.