Airline Stocks Are Falling as Covid-19 Cases Rise

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Barron's on MarketWatch: Airline valuations fall as COVID-19 infections spike

The rally in airline stocks is stalling over concerns that a second wave of coronavirus cases will put the brakes on air travel.

American Airlines Group , meanwhile, priced $2.5 billion in bonds with an 11.75% interest rate—adding more debt to its balance sheet and prompting UBS to trim its price target on the stock.

 

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