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Why Shares of Domestic Airlines Were Down in February

TheMotleyFool

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Why Shares of Domestic Airlines Were Down in February

Shares of domestically focused airlines were able to sustain altitude during the initial January COVID-19 sell-off, in part because at the time investors mostly considered the outbreak to be a China story.

That perception changed dramatically in late February, causing shares of Spirit Airlines (NYSE: SAVE) to fall 30% for the month, according to data provided by S&P Global Market Intelligence, while shares of Alaska Air Group (NYSE: ALK) and JetBlue Airways (NASDAQ: JBLU) fell more than 20%.