U.S. airline stocks plunge on renewed lockdown fears

/ / News

Shares of major U.S. airlines tumbled Monday, with Delta Air Lines Inc. shares the worst hit and off nearly 9%. Airlines have been battling renewed fears of more lockdowns, especially in the U.K., and the looming expiration of U.S. government aid to protect airline jobs. Shares of JetBlue Airways Corp. and shares of United Airlines Holdings Inc. each fell around 8%. Southwest Airlines Co. stock fared better, down less than 6%. Earlier Monday, a joint report commissioned by industry groups and companies said that the all-but-closed air bridge between the U.S. and the U.K. will cost the U.K. economyabout $41 million a day by the beginning of October.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.