Why United Airlines Stock Is Losing Altitude Today
The latest headlines concerning the pandemic are largely negative, and airline stocks are under pressure as a result. Shares of United Airlines Holdings (NASDAQ: UAL) led the decline, down as much as 5% on Friday.
Airline stocks were hit hard during the pandemic, as travel restrictions and lockdowns largely eliminated demand for travel. We've seen a gradual recovery in the sector as the global economy has pushed to reopen, but the airlines are still by and large losing money and in a fragile state.
Image source: United Airlines.
Source Fool.com