SAVE - Airline sector rattled by stimulus COVID headwinds
U.S. airlines stocks are down sharply with stimulus talks in Washington D.C. hitting another snag over an expansion of COVID testing being part of the package. Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin were due to talk this afternoon at some point. Also part of the investor focus today, the sudden increase in COVID-related hospitalizations in parts of the U.S. has increased concerns over the impact on short-term travel demand. Data from the TSA indicated a drop Sunday in traffic from the preceding Sunday.Sector watch: American Airlines ([[AAL]] -6.3%), Delta Airlines ([[DAL]] -6.4%), Southwest Airlines ([[LUV]] -4.2%), United Airlines ([[UAL]] -7.5%), JetBlue ([[JBLU]] -6.9%), Hawaiian Holdings ([[HA]] -5.9%), Alaska Air Group ([[ALK]] -7.8%), Allegiant Travel ([[ALGT]] -4.4%), Spirit Airlines ([[SAVE]] -8.7%), Mesa Airlines ([[MESA]] -5.7%) and SkyWest ([[SKYW]] -7.3%).Compare factor grades on airline stocks.
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Airline sector rattled by stimulus, COVID headwinds