American Airlines shares are recovering from morning slump as a “technical issue” disrupts flight operations

19 minutes ago

The Federal Aviation Administration (FAA) canceled a brief nationwide ground stop requested by American Airlines (AAL) on Christmas Eve, one of the busiest travel days of the year.

“A technical issue is affecting American flights this morning,” American Airlines reportedly said. “Our teams are working to resolve the issue as quickly as possible and we apologize to our customers for the inconvenience.”

Americans are expected to travel in large numbers this holiday season. The American Automobile Association (AAA) estimated earlier this month that more than 119 million people will drive at least 50 miles from home between December 1 and New Year’s Day, surpassing a record set in 2019. More than 7.8 million of those were expected to fly, AAA said.

American stocks fell about 1% half an hour before the market opened, recovering from a sharp 4% decline early Tuesday morning.

-Aaron Rennie

Stock futures remain steady ahead of the holiday-shortened session

59 minutes ago

Futures contracts tied to the Dow Jones Industrial Average lost less than 0.1% in early trading on Tuesday.

S&P 500 futures rose 0.1%.

Nasdaq 100 futures rose 0.2%.