Airline Stocks Fall as American, United Continue to Cut Flights Source: EQRoy | Shutterstock.com Airline stocks are slipping on Thursday as companies are continuing to cut flights for a variety of reasons. First off is American Airlines (NASDAQ: AAL ) with its shares falling 2.8% as of Thursday afternoon. This comes after the airline announced it would no longer be sending flights to Toledo, Ohio; Islip, N.Y.; Ithaca, N.Y., and Dubuque, Iowa starting in September . So what’s behind this decision by American Airlines? The company is dealing with a shortage of pilots to man its airplanes. This has been an ongoing problem for the aviation industry over the last few months, CNBC reports. United Airlines (NASDAQ: UAL ) is next with the company’s stock dropping 4.6% this afternoon. This follows an announcement that it will reduce flights at Newark Liberty International Airport by about 12%. United Airlines says that this is expected to reduce delays that have been plaguing flights at the airport. The company blames these delays on construction at the location, as well as capacity issues. 7 REITs to Buy for a Profitable Summer Delta Air Lines (NYSE: DAL ) closes out our list of airline stocks today with shares decreasing 3.5% as of this writing.