Airline stocks hit hard by United's dour profit outlook

Shares of airline operators were broadly lower Wednesday, as United Airlines Holdings Inc.’s warning of a profit miss because of the Israel-Hamas war cast a pall on sentiment.

A run-up in crude oil prices CL.1, +0.70%, which stoked concerns over rising fuel costs, also raised investor concerns. Delta Air Lines Inc. DAL, +0.76% was next at 1.2% and American Airlines Group Inc. AAL, was at 0.4%. Meanwhile, Delta’s stock slumped 1.3% in Wednesday’s premarket and American shares shed 1.4%.

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