Why Airline Stocks Fell Today
Wall Street is beginning to worry that the U.S. economy is headed toward a recession, and analysts are making calls on individual sectors based on those fears.
Airlines historically have been vulnerable to downturns, and the sector lost altitude after a dire warning about what is to come. Shares of JetBlue Airways (NASDAQ: JBLU) led the way, down 11% on the day, while shares of Frontier Group Holdings (NASDAQ: ULCC) fell 8% and shares of Southwest Airlines (NYSE: LUV) lost 5%.
When times are tough, Americans are more likely to cut back on travel spending than they are groceries. That has always made airlines a cyclical business, performing well in a strong economy but faltering during a slowdown.
Source Fool.com
Southwest Airlines Co. Stock
€41.10
-0.380%
With 11 Buy predictions and 11 Sell predictions the community is currently undecided on Southwest Airlines Co..
With a target price of 33 € there is a slightly negative potential of -19.7% for Southwest Airlines Co. compared to the current price of 41.1 €.
