Why Airline Shares Are Down Today

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.

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Source Fool.com