Why Airline Stocks Are Down Today
On Tuesday, crude oil hit a price it hasn't reached since 2014, and airlines, one of the biggest consumers of fuel, lost altitude as a result. Shares of Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), and JetBlue Airways (NASDAQ: JBLU) led the way, each down more than 5% at midday.
Russia's attack on Ukraine continues to weigh heavily on investors, sending markets down more than 1.5% on Tuesday afternoon. And airlines are getting hit harder than the averages.
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Source Fool.com
