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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 +1.05% 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 +1.13% slumped 5.2% premarket, after sinking 18.6% amid a six-week losing streak; United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL +1.56% slid 5.1%, after tumbling 21.1% amid a 7-week losing streak; and Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +1.82% dropped 4.2%, after losing 13.8% amid a 5-week losing streak. Elsewhere, shares of Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV +0.85% gave up 3.8% premarket, JetBlue Airways Corp. /zigman2/quotes/207639051/composite JBLU +1.91% declined 5.4% and Spirit Airlines Inc. /zigman2/quotes/205782179/composite SAVE +0.66% fell 5.3%. The selloff in air carrier stocks comes as futures /zigman2/quotes/209948968/delayed ES00 -0.31% for the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.46% dropped 1.3%.

/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 20.20
+0.21 +1.05%
Volume: 1.98M
Jan. 31, 2023 4:00p
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 16.14
+0.18 +1.13%
Volume: 19.87M
Jan. 31, 2023 4:00p
P/E Ratio
552.74
Dividend Yield
0.00%
Market Cap
$10.37 billion
Rev. per Employee
$396,848
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 48.96
+0.75 +1.56%
Volume: 5.35M
Jan. 31, 2023 4:00p
P/E Ratio
22.57
Dividend Yield
N/A
Market Cap
$15.76 billion
Rev. per Employee
$534,542
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 39.10
+0.70 +1.82%
Volume: 7.92M
Jan. 31, 2023 4:00p
P/E Ratio
19.12
Dividend Yield
0.00%
Market Cap
$24.62 billion
Rev. per Employee
$609,422
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/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 35.77
+0.30 +0.85%
Volume: 5.60M
Jan. 31, 2023 4:00p
P/E Ratio
45.26
Dividend Yield
2.01%
Market Cap
$21.06 billion
Rev. per Employee
$432,196
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/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 8.00
+0.15 +1.91%
Volume: 7.77M
Jan. 31, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.54 billion
Rev. per Employee
N/A
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/zigman2/quotes/205782179/composite
US : U.S.: NYSE
$ 19.84
+0.13 +0.66%
Volume: 995,315
Jan. 31, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.15 billion
Rev. per Employee
$506,042
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,077.50
-12.50 -0.31%
Volume: 30,507
Jan. 31, 2023 8:34p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,076.60
+58.83 +1.46%
Volume: 0.00
Jan. 31, 2023 5:00p
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