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

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ایران اخبار اخبار

Airline stocks fall again, with Southwest and JetBlue shares at multiyear lows
ایران آخرین اخبار,ایران سرفصلها

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.

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