Bulletin
Investor Alert

Market Pulse Archives

Sept. 9, 2020, 12:49 p.m. EDT

Airline stocks fall amid concerns that the travel recovery from the COVID-19 lows have slowed

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Transportation Average (DJT)
  • X
    American Airlines Group Inc. (AAL)
  • X
    United Airlines Holdings Inc. (UAL)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Airline stocks were broadly lower Wednesday, after a number of air carriers provided travel demand and capacity outlooks that raised concerns that the the recovery from the COVID-19 lows has slowed. Although the Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT -1.14% rose 2.0%, all six of the index's airline components sold off, led by American Airlines Group Inc. stock's /zigman2/quotes/209207041/composite AAL -0.43% 4.9% drop. United Airlines Holdings Inc. shares /zigman2/quotes/205037281/composite UAL -1.44% shed 3.7%, after the company cut its third-quarter outlook for capacity and passenger revenue, while Alaska Air Group Inc.'s stock /zigman2/quotes/200972303/composite ALK -0.60% slid 3.7% after the said August load factor was 46%, down from 54% in July, and that it expects September load factor in the 40% to 45% range. Hawaiian Airlines parent Hawaiian Holdings Inc. shares /zigman2/quotes/203188135/composite HA -1.97% lost 3.8% after the carrier cut its third-quarter capacity outlook, amid new quarantine requirements. Among other airlines, shares of Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL -1.50% slid 2.8%, Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV -0.80% declined 3.7%, and JetBlue Airways Corp. /zigman2/quotes/207639051/composite JBLU -3.01% gave up 2.1%. Separately, the Bureau of Transportation Statistics said Wednesday that U.S. airlines employed 706,824 workers in mid-July, up from 699,723 in mid-June and down from 753,465 in March. The weakness in airline stocks comes as the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.35% surged 568 points, or 2.1%.

/zigman2/quotes/210598063/realtime
US : Dow Jones Indices
11,725.02
-135.28 -1.14%
Volume: 107.96M
Oct. 21, 2020 5:09p
loading...
/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 12.75
-0.06 -0.43%
Volume: 37.50M
Oct. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$6.51 billion
Rev. per Employee
$345,547
loading...
/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 35.54
-0.52 -1.44%
Volume: 16.09M
Oct. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$10.49 billion
Rev. per Employee
$448,946
loading...
/zigman2/quotes/200972303/composite
US : U.S.: NYSE
$ 39.69
-0.24 -0.60%
Volume: 1.72M
Oct. 21, 2020 4:00p
P/E Ratio
92.84
Dividend Yield
0.00%
Market Cap
$4.94 billion
Rev. per Employee
$353,525
loading...
/zigman2/quotes/203188135/composite
US : U.S.: Nasdaq
$ 13.95
-0.28 -1.97%
Volume: 783,868
Oct. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$654.54 million
Rev. per Employee
$391,501
loading...
/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 31.50
-0.48 -1.50%
Volume: 11.29M
Oct. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$20.39 billion
Rev. per Employee
$499,337
loading...
/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 39.84
-0.32 -0.80%
Volume: 6.53M
Oct. 21, 2020 4:00p
P/E Ratio
99.18
Dividend Yield
0.00%
Market Cap
$23.69 billion
Rev. per Employee
$373,554
loading...
/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 11.93
-0.37 -3.01%
Volume: 8.92M
Oct. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.35 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
28,210.82
-97.97 -0.35%
Volume: 301.11M
Oct. 21, 2020 5:09p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.