Stock Market News: Will Airline Stocks Rise When Flyers Return?
The stock market moved lower on Friday morning, with sentiment among investors taking a hit from ongoing nervousness about the reopening of the U.S. economy. Even as people start to return to work and businesses ramp their operations back up, there's an increasing recognition that getting back to business as usual won't be a reasonable expectation in the immediate future. Just after 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 140 points to 24,334. The S&P 500 (SNPINDEX: ^GSPC) lost 12 points to 2,937, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 27 points to 9,258.
One industry that has a big task ahead of it is the airline business. Even amid signs that passengers might finally start to fly again, shareholders in key industry players like Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL) aren't convinced that the worst is over for their respective companies.
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Source Fool.com
