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Why Shares of American Airlines Are Flying Higher Tuesday

Image source: American Airlines Group.

What: Shares of American Airlines Group (NASDAQ:AAL) were flying 10% higher Tuesday after the company announced its pre-tax income would increase thanks to credit card deals with Citigroup (NYSE:C) and Barclays (NYSE:BCS).

So what: American Airlines announced its pre-tax income would jump by $200 million this year, $550 million during 2017, and by $800 million in 2018. Typically, airlines only have one credit card issuer, so American is taking a more unique approach with Citi being able to promote its cards on American...