Airline stocks suffer broad selloff as fear spreads…

1 min read

Shares of airline companies took a broad beating Tuesday, as part of a selloff in the broader stock market, as fears spread that the omicron variant of COVID will negatively impact the travel industry. The U.S. Global Jets ETF JETS, -3.01% sank 1.7% toward a one-year low in premarket trading. The sector tracker had tumbled 17.1% over the past three weeks through Monday. Among the more-active airline stocks in Tuesday’s premarket, American Airlines Group Inc. AAL, -3.52% shed 2.1%, Delta Air Lines Inc. DAL, -1.52% dropped 2.2%, United Airlines Holdings Inc. UAL, -3.20% slid 2.1%, JetBlue Airways Corp. JBLU, -2.99% lost 1.8% and Southwest Airlines Co. LUV, -1.80% gave up 1.5%. The selloff comes while futures ES00, -1.51% for the S&P 500 SPX, -1.63% slumped 0.9%.

Leave a Reply

Your email address will not be published.

Send this to a friend