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Airline stocks fall as the attack of Israel by Hamas ‘may impact travel’

Clyde Edgerton by Clyde Edgerton
October 9, 2023
in Markets
Airline stocks fall as the attack of Israel by Hamas ‘may impact travel’
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Shares of airline companies took a hit Monday, particularly those of the legacy international carriers, in the wake of Hamas’ attack on Israel. The U.S. Global Jets ETF
JETS,
+0.48%
shed 1.4% in premarket trading, while futures
ES00,
-0.59%
for the S&P 500
SPX,
+1.18%
declined 0.5%. Delta Air Lines Inc.’s
DAL,
+1.54%
stock shed 2.1%, after the air carrier said that the current security in Israel “may impact travel” to, from and through Tel Aviv, Israel through Oct. 14. Shares of American Airlines Group Inc.
AAL,
-0.70%
gave up 2.3%, after the carrier’s pilots’ union recommended its members to refuse to fly to Israel, as the Associated Press reported. United Airlines Holdings Inc. shares
UAL,
+1.21%
fell 2.0%. Elsewhere, shares of JetBlue Airways Corp.
JBLU,
+0.21%
fell 1.7% and of Southwest Airlines Co.
LUV,
-0.88%
declined 2.1%.



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