Shares of American Airlines (AMR -3.9%) leads the downward charge for airline stocks (XAL -1.6%)...

|About: American Airlines Group (AAL)|By:, SA News Editor

Shares of American Airlines (AMR -3.9%) leads the downward charge for airline stocks (XAL -1.6%) after the firm receives a downgrade from JPMorgan to Neutral from Overweight on revised loss projections. Airline analysts say investors are assuming bookings will falter and corporations will reduce travel budgets.