Why Airline Stocks Are Down Today
Airlines are likely not the first industry that comes to mind when discussing tariff impacts, but the sector is down big following Wednesday's broad tariff announcement.Shares of United Airlines Holdings (NASDAQ: UAL) are down 13% as of 10:30 a.m. ET. Meanwhile, shares of Frontier Group Holdings (NASDAQ: ULCC) and JetBlue Airways (NASDAQ: JBLU) are down 11% apiece, leading a broad sell-off in the sector.Airlines are in the business of transporting people from point A to point B, and people on international flights are not subject to the tariffs announced Wednesday. But that doesn't mean the industry will escape with no economic impact.Continue reading
Airlines are likely not the first industry that comes to mind when discussing tariff impacts, but the sector is down big following Wednesday's broad tariff announcement.
Shares of United Airlines Holdings (NASDAQ: UAL) are down 13% as of 10:30 a.m. ET. Meanwhile, shares of Frontier Group Holdings (NASDAQ: ULCC) and JetBlue Airways (NASDAQ: JBLU) are down 11% apiece, leading a broad sell-off in the sector.
Airlines are in the business of transporting people from point A to point B, and people on international flights are not subject to the tariffs announced Wednesday. But that doesn't mean the industry will escape with no economic impact.
