Why Airline Shares Are Falling Today
The military conflict in Europe is adding a fresh complication to the travel industry's pandemic recovery. Shares of Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), and American Airlines Group (NASDAQ: AAL) all traded down as much as 5% on Monday as investors attempt to assess what comes next for the U.S.'s internationally focused airlines.
Airline stocks are dealing with another unexpected headwind as the industry attempts to move past the pandemic. COVID-19 starved the industry of revenue, causing companies to take on significant debt to survive. As vaccines have gained traction, we've seen the beginnings of a recovery, though it will still take years for airlines to get their balance sheets back in order.
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Source Fool.com