UAL - Boeing Delta And Other Stocks Trade Marginally Lower Pre-Market As Biden Signs New Aviation Safety Bill Into Law | Benzinga
Major airline stocks like Boeing Inc. (NYSE:BA), United Airlines Holdings Inc. (NASDAQ:UAL), Ryanair Holdings plc (NASDAQ:RYAAY) and Delta Air Lines (NASDAQ:DAL) are taking a hit in the pre-market as President Joe Biden gives his approval to the Federal Aviation Administration (FAA) Reauthorization Act in a bid to improve airline passenger experience and improve air travel safety standards.
What Happened: Friday’s pre-market opened for aviation with a jolt after Biden’s approval for the new law. Boeing, which is already facing an outgoing CEO and numerous legal crises, was down by 0.093%, trading near $182.7. United Airlines joined the downward trend by 0.47% lower at $54.50 while Delta Airlines was down by 0.057% and trading at $52.48. Ryanair also saw its pre-market activity drop by 0.89% and was trading at $125.30.
However, their peers Southwest Airlines Co. (NYSE:LUV) and Alaska Air Group, Inc. (NYSE:ALK) were slightly better around the same time. Southwest was trading 0.07% higher at $28.00 while ...