Why Airlines Stocks Are Falling Today
On Wednesday, a pair of airline stocks were downgraded by a leading Wall Street analyst. The whole sector is selling off as a result, with shares of American Airlines Group (NASDAQ: AAL), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE) leading the way down about 5% each in midday trading.
Airline stocks have experienced some turbulence of late, caught between investors bullish on a post-pandemic economic recovery and those who are worried about whether the pandemic is really over, among other issues. On Wednesday, the bears are in charge after Goldman Sachs downgraded both American and JetBlue.
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Source Fool.com
