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July 5, 2022, 8:03 a.m. EDT

Airline stocks fall even as July 4 weekend travelers reach pandemic-era highs

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By Tomi Kilgore

Shares of air carriers were broadly lower Tuesday, even as travelers over the July 4 holiday weekend reached a pandemic-era high and as fewer flights were cancelled than in the days leading up to the weekend. The U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS +2.37% fell 0.8% in premarket trading, with the shares of all of its U.S.-based airline components that are trading losing ground. Among the more-active U.S. air carriers, shares of American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL +3.08% dropped 2.1%, Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +2.17% slid lost 1.1%, United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL +2.35% shed 1.5%, JetBlue Airways Corp. /zigman2/quotes/207639051/composite JBLU +4.25% lost 0.8%, Spirit Airlines Inc. /zigman2/quotes/205782179/composite SAVE -0.04% sank 2.6% and Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV +2.45% gave up 1.7%. Meanwhile, data provided by the U.S. Transportation Security Administration showed that the number of travelers going through TSA checkpoints fell to a one-month low of 2,081,119 on Monday, and was below last year's 2,160,147.

/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 18.58
+0.43 +2.37%
Volume: 3.80M
Aug. 10, 2022 4:00p
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 15.07
+0.45 +3.08%
Volume: 32.38M
Aug. 10, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$9.50 billion
Rev. per Employee
$329,959
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 33.93
+0.72 +2.17%
Volume: 10.47M
Aug. 10, 2022 4:00p
P/E Ratio
36.83
Dividend Yield
0.00%
Market Cap
$21.29 billion
Rev. per Employee
$503,566
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 38.69
+0.89 +2.35%
Volume: 8.66M
Aug. 10, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$12.35 billion
Rev. per Employee
$423,543
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/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 8.83
+0.36 +4.25%
Volume: 10.86M
Aug. 10, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.72 billion
Rev. per Employee
N/A
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/zigman2/quotes/205782179/composite
US : U.S.: NYSE
$ 24.59
-0.01 -0.04%
Volume: 1.28M
Aug. 10, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.67 billion
Rev. per Employee
$350,485
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/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 39.28
+0.94 +2.45%
Volume: 3.36M
Aug. 10, 2022 4:00p
P/E Ratio
24.94
Dividend Yield
0.00%
Market Cap
$22.73 billion
Rev. per Employee
$383,884
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