Airline stocks, as you’d expect, are losing altitude today as delays persisted following Friday’s terror incidents onboard flights into Detroit, as well as blizzards that caused hours of delay at Chicago’s O’Hare airport.
Argus Research analyst John Staszak remarked in an email that the delays and terror threats “will have a modest negative effect,” but added that some airlines, such as Southwest Airlines (LUV), “are poised for recovery.”
AMR (AMR), parent of American Airlines, was down 40 cents, or 5%, at $7.74, and traded as low as $7.63. Delta Air Lines (DAL) was off 46 cents, or 3.9%, at $11.31. Continental Airlines (CAL) fell 68 cents, or 3.7%, to $17.82. US Airways Group (LCC) was off 36 cents, or 7%, at $5.01. Southwest was down 19 cents, or 1.7%, at $11.36. and JetBlue (JBLU) was down 14 cents, or 2.5%, at $5.49.
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