American Airlines Flight Grounding

Investing.com — American Airlines shares dropped more than 3.8% premarket Tuesday after the United States Federal Aviation Administration announced that the carrier has grounded all flights nationwide.

The stock is currently trading around the $16.60 per share mark.

American Airlines (NASDAQ:AAL) issued a statement: "Our teams are working to resolve the issue as quickly as possible, and we apologize to our customers for the inconvenience."

Responding to a customer on the social media platform X (formerly Twitter), the airline mentioned they are "currently experiencing a technical issue with all American Airlines flights." They emphasized: "Your safety is our utmost priority; once this is rectified, we'll have you safely on your way to your destination."

In reply to another customer, the airline stated: "An estimated timeframe has not been provided, but they're trying to fix it in the shortest possible time."