Here's Why Airline Stocks Are Falling Again Today
Another day, another double-digit drop at the opening for airline stocks. The industry and its investors are fixated on a government assistance package, and while White House officials continue to insist it is a top priority, every day nothing gets done adds to the uncertainty.
Shares of Spirit Airlines (NYSE: SAVE) opened down more than 20%, while a basket of airlines including American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), Alaska Air Group (NYSE: ALK), Hawaiian Holdings (NASDAQ: HA), and JetBlue Airways (NASDAQ: JBLU) all opened down more than 10%.
Most have recovered at least some after that initial fall but expect the volatility to remain as we await more news about a potential bailout.
Source Fool.com
