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American Airlines Share Gain Shows That Maybe CEO Parker Knows Something After All

American Airlines CEO Doug Parker

Tuesday was the kind of day that makes you think that maybe American Airlines (AAL) CEO Doug Parker knows something after all, a day when the skies cleared for the airline industry.

American shares rose 11% after the carrier announced a new credit card deal. United (UAL) shares rose 9% after the carrier said second-quarter passenger revenue per available seat mile fell less than expected. Delta (DAL) shares rose 5% after Deutsche Bank analyst Mike Linenberg upgraded American, Delta and United.

It was just one day, but it was a day when the Bloomberg U.S. Airlines Index rose 6.5%, the biggest gain since November 2014, after a first half during which the index was headed for its biggest annual...