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July 19, 2021, 9:24 a.m. EDT

Airline stocks suffer broad selloff as surge in delta variant stokes fears of potential travel restrictions

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By Tomi Kilgore

Airline stocks were suffering a broad selloff ahead of Monday's open, amid a big drop in the broader stock market and as a surge of the delta variant of the coronavirus that causes COVID-19 increases fears of potential travel restrictions. The U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS +1.02% sank 3.6% in premarket trading, putting it on track for a sixth-straight daily decline, and to extend a seven-week losing streak through Friday in which the ETF has tumbled 16.5%. Among the ETF's components, shares of American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL +2.63% slumped 5.2% premarket, after sinking 18.6% amid a six-week losing streak; United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL +1.39% slid 5.1%, after tumbling 21.1% amid a 7-week losing streak; and Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +1.46% dropped 4.2%, after losing 13.8% amid a 5-week losing streak. Elsewhere, shares of Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV +1.36% gave up 3.8% premarket, JetBlue Airways Corp. /zigman2/quotes/207639051/composite JBLU +1.80% declined 5.4% and Spirit Airlines Inc. /zigman2/quotes/205782179/composite SAVE +0.04% fell 5.3%. The selloff in air carrier stocks comes as futures /zigman2/quotes/209948968/delayed ES00 +0.01% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.16% dropped 1.3%.

/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 22.69
+0.23 +1.02%
Volume: 4.25M
Sept. 16, 2021 4:00p
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 19.89
+0.51 +2.63%
Volume: 33.59M
Sept. 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$12.55 billion
Rev. per Employee
$168,812
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 44.47
+0.61 +1.39%
Volume: 12.20M
Sept. 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$14.19 billion
Rev. per Employee
$206,384
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 40.22
+0.58 +1.46%
Volume: 9.49M
Sept. 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$25.37 billion
Rev. per Employee
$231,014
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/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 49.12
+0.66 +1.36%
Volume: 5.70M
Sept. 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$28.67 billion
Rev. per Employee
$160,142
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/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 15.23
+0.27 +1.80%
Volume: 6.62M
Sept. 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.76 billion
Rev. per Employee
N/A
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/zigman2/quotes/205782179/composite
US : U.S.: NYSE
$ 24.77
+0.01 +0.04%
Volume: 3.10M
Sept. 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.68 billion
Rev. per Employee
$208,240
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,464.75
+0.55 +0.01%
Volume: 43,991
Sept. 16, 2021 11:08p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,473.75
-6.95 -0.16%
Volume: 1.83B
Sept. 16, 2021 5:07p
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