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Why Airline Shares Are Down Today

TheMotleyFool

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Airline stocks are underperforming the broader markets on Wednesday despite some positive analyst commentary, with investors focused instead on worrisome data about the continuing spread of the COVID-19 pandemic.

Spirit Airlines (NYSE: SAVE) is leading the group lower as of 1 p.m. EDT, down 5%, while shares of United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL) were all down more than 2%.

Southwest Airlines (NYSE: LUV) was the best performing U.S. airline stock as of mid-day following the release of some optimistic financial data.

Source Fool.com

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