Airline stocks fall again, with Southwest and JetBlue shares at multiyear lows

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

The airline sector was suffering another broad selloff Tuesday, amid worries over a government shutdown and falling ticket prices.

The airline sector was suffering another broad selloff Tuesday, amid worries over how a government shutdown will hurt the industry and as falling ticket prices raise concerns over profitability.

Southwest Airlines Co.’s stock LUV, -3.11% sank 2.8% toward the lowest close since May 15, 2020, according to Dow Jones Market Data. The stock has dropped 9.9% amid a seven-day losing streak, and has tumbled 15.9% over a 19-session stretch in which it has declined 16 times. Meanwhile, shares of American Airlines Group Inc. AAL, -1.24% lost 1.1% toward a five-month low, of Delta Air Lines Inc. DAL, -1.78% slumped 1.5% toward a four-month low and of United Airlines Holdings Inc. UAL, -0.89% gave up 0.6% toward a five-month low.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines