American Airlines Lifts Christmas Eve Grounding, Shares Bounce Back

The issue was resolved by 7:50 a.m. ET, with the carrier restoring operations and addressing disruptions caused by the nationwide halt.

Flights Resume After Hours Of Uncertainty

An hour earlier, the Federal Aviation Administration issued an advisory stating that the carrier had halted all flights across the country, Reuters reports.

Passengers shared their frustration on X before the issue was resolved, with one flyer reporting, "I just heard from the gate crew that there's a massive system outage and they can't scan boarding passes.”

The FAA's Air Traffic Control System Command Center later issued an update lifting the nationwide groundstop for American Airlines.

Airlines Briefly Recover Losses

Investors were quick to react. American Airlines stock initially plunged over 3% in premarket trading but bounced back, erasing all losses after systems were restored.

A benchmark of airlines stocks, as represented by the U.S. Global Jets ETF (NYSE:JETS), was 0.6% lower by 8:05 a.m. in New York.

Read Next:

Photo: Nate Hovee/Shutterstock.com

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.