Why Airline Shares Are Falling Today

Airline shares have been red-hot through the first week of June, with some companies rocketing up more than 90% in the early days of the month. Gravity finally pushed back some on Tuesday, with the sector giving back a small part of those gains.

Shares of American Airlines Group (NASDAQ: AAL) traded down 10% as of 12:30 p.m. EDT, with shares of Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), JetBlue Airways (NASDAQ: JBLU), Spirit Airlines (NYSE: SAVE), and Hawaiian Holdings (NASDAQ: HA) all down 8% or more.

Southwest Airlines (NYSE: LUV) and Allegiant Travel (NASDAQ: ALGT) were the relative winners in the group, down between 4% and 6% each.

Continue reading

Source Fool.com