American Airlines is rallying after saying it will raise bag fees (AAL, DAL, JBLU, LUV, UAL)

American Airlines surged more than 4% Friday after announcing it will raise baggage fees.The airline has joined Delta Air Lines and United Airlinesin raising the price of passengers' first checked bag to $30 anda second checked bag to $40.Delta Air Lines, United Airlines, Southwest Airlines, and JetBlue also gained ground following the news.Watch American Airlines in real time here.Airline stocks are rallying after the last of the world's three biggest carriers hiked baggage fees.Shares of American Airlinesjumped more than 4% on Friday after itjoined Delta Air Lines and United Airlines in raising the fee of one checked bag from $25 to $30. A second checked bag will cost $40.The changes take place starting Friday, and are the first hike by American since 2010, according to a press release.Piggybacking the move, Delta Air Lines gained 3.13% whileSouthwest Airlinesadded 2.11%.United Airlines andJetBlue were both up less than 1%.On August 27, JetBlue became the first major US airline to raise prices for a checked bag. Similar price hikes by United and Delta more recently implemented.American shares were down 18% this year.Join the conversation about this storyNOW WATCH: I woke up at 4:30 a.m. for a week like a Navy SEAL
Click here to read full news..