Why Airline Stocks Are Under Pressure Today
Airline stocks fell faster than the broader markets on an ugly day of trading, weighed down by fears that two significant expenses for the industry could soon shoot higher. Shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), and Spirit Airlines (NYSE: SAVE) led the way with 5% declines, and shares of Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and JetBlue Airways (NASDAQ: JBLU) were all down 4% or more.
Airline stocks after a miserable 2020 have enjoyed a rebound in 2021, fueled by hope that as the pandemic fades demand for travel will return. There are some initial signs that this will be a busy summer for travel, but on Tuesday airline investors got a reminder that we are still in the early days of a recovery.
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Source Fool.com
