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

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

Add to watchlist JETS

U.S. Global Jets ETF

US : U.S.: NYSE Arca

$ 22.69

+0.23 +1.02%

Volume: 4.25M

Sept. 16, 2021 4:00p

/zigman2/quotes/209207041/composite

Add to watchlist AAL

American Airlines Group Inc.

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

/zigman2/quotes/205037281/composite

Add to watchlist UAL

United Airlines Holdings Inc.

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

/zigman2/quotes/200327741/composite

Add to watchlist DAL

Delta Air Lines Inc.

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

/zigman2/quotes/201071949/composite

Add to watchlist LUV

Southwest Airlines Co.

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

/zigman2/quotes/207639051/composite

Add to watchlist JBLU

JetBlue Airways Corp.

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

/zigman2/quotes/205782179/composite

Add to watchlist SAVE

Spirit Airlines Inc.

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

/zigman2/quotes/209948968/delayed

Add to watchlist ES00

E-Mini S&P 500 Future Continuous Contract

US : U.S.: CME

$ 4,464.75

+0.55 +0.01%

Volume: 43,991

Sept. 16, 2021 11:08p

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Add to watchlist SPX

S&P 500 Index

US : S&P US

4,473.75

-6.95 -0.16%

Volume: 1.83B

Sept. 16, 2021 5:07p