Airline stocks suffer broad selloff as economic growth, oil price concerns prompt sector downgrade
Airline stocks were knocked lower Friday, with the sector on track to suffer the biggest one-day loss in nearly 3 years, as the recent drop in oil prices and concerns over a slowing economy acted as a one-two punch for the group. The NYSE Arca Airline Index XAL, -5.29% slid 5.1% toward a fourth-straight decline. Friday's loss was headed for the biggest one-day loss since Feb. 26, 2016.
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Among the sector's more active components, shares of American Airlines Group Inc. AAL, -9.47% plunged 9.1%, Delta Air Lines Inc. DAL, -4.05% dropped 4.3%, JetBlue Airways Corp. JBLU, -5.68% tumbled 5.8% Southwest Airlines Co. LUV, -4.40% lost 4.1% and United Continental Holdings Inc. UAL, -5.66% shed 5.4%. The airline index has lost 6.0% over the past three months
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https://www.marketwatch.com/story/airlin...2018-12-07
Airline stocks were knocked lower Friday, with the sector on track to suffer the biggest one-day loss in nearly 3 years, as the recent drop in oil prices and concerns over a slowing economy acted as a one-two punch for the group. The NYSE Arca Airline Index XAL, -5.29% slid 5.1% toward a fourth-straight decline. Friday's loss was headed for the biggest one-day loss since Feb. 26, 2016.
...
Among the sector's more active components, shares of American Airlines Group Inc. AAL, -9.47% plunged 9.1%, Delta Air Lines Inc. DAL, -4.05% dropped 4.3%, JetBlue Airways Corp. JBLU, -5.68% tumbled 5.8% Southwest Airlines Co. LUV, -4.40% lost 4.1% and United Continental Holdings Inc. UAL, -5.66% shed 5.4%. The airline index has lost 6.0% over the past three months
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https://www.marketwatch.com/story/airlin...2018-12-07