Travel-centric stocks took a dive in midday trading Thursday, enough to knock the Dow Jones Transportation Average into correction territory, as concerns over a renewed increase in COVID-19 cases and weak economic outlook (Avis Budget Group Inc. (CAR) tumbled 13.9%, United Airlines Holdings Inc. (UAL) dropped 12.8%, American Airlines Group Inc. (AAL) sank 12.5%, Alaska Air Group Inc. (ALK) fell 11.7% and Delta Air Lines Inc. (DAL) declined 10.5%. Although not in the index, shares of Royal Caribbean Cruises Ltd. (RCL) slid 9.8% and
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 11, 2020 12:08 ET (16:08 GMT)
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