Why Airline Stocks Are Falling Today
Wall Street was in sell mode on Tuesday, and some of the stocks and sectors that have done best so far in 2021 were under the most pressure. That includes airlines, with American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), and Delta Air Lines (NYSE: DAL) all trading down as much as 5%.
After a miserable 2020, airline stocks have been soaring higher through much of 2021. After a lost year due to the pandemic, there was optimism that there'd be significant pent-up travel demand as the vaccine rollout gained steam. This has given a lift to the stocks, with American up 34% year to date and United up 20%.
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Source Fool.com
