The airline sector was suffering another broad selloff Tuesday, amid worries over a government shutdown and falling ticket prices.
The airline sector was suffering another broad selloff Tuesday, amid worries over how a government shutdown will hurt the industry and as falling ticket prices raise concerns over profitability.
Southwest Airlines Co.’s stock LUV, -3.11% sank 2.8% toward the lowest close since May 15, 2020, according to Dow Jones Market Data. The stock has dropped 9.9% amid a seven-day losing streak, and has tumbled 15.9% over a 19-session stretch in which it has declined 16 times. Meanwhile, shares of American Airlines Group Inc. AAL, -1.24% lost 1.1% toward a five-month low, of Delta Air Lines Inc. DAL, -1.78% slumped 1.5% toward a four-month low and of United Airlines Holdings Inc. UAL, -0.89% gave up 0.6% toward a five-month low.
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