Airline stocks were headed lower Monday, as a continued spike in new COVID-19 cases led to hundreds of more canceled flights, with airlines blaming COVID-related staffing shortages. The U.S. Global Jets ETF (JETS) slumped 1.8% in premarket trading, to put it on track to snap a four-day win streak. Among the more actively traded shares of air carriers, American Airlines Group Inc. (AAL) dropped 2.1%, United Airlines Holdings Inc. (UAL) shed 2.9%, Delta Air Lines Inc. (DAL) fell 2.1% and Southwest Airlines Co. (LUV) declined 1.5%. The Jets ETF has slumped 12.6% over the past three months through Thursday, while the S&P 500 has climbed 6.4%.
(END) Dow Jones Newswires
December 27, 2021 06:42 ET (11:42 GMT)
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