ULCC - SkyWest American Airlines lead down day for airline stocks on COVID staffing concerns

U.S. airline stocks are lower across the board as investors react to the double whammy of COVID-19 developments and staffing issues in the industry. UBS reports that booking trends are still strong, although corporate and OTA worsened a bit for September in a development that is worth watching. The rolling staffing issues for various airlines have analysts resetting some Q3 EPS expectations, although one-year price targets are being held, with those issues seen as transitory. Sector watch: American Airlines (AAL -4.0%), Delta Airlines (DAL -3.2%), Southwest Airlines (LUV -2.7%), United Airlines (UAL -3.7%), JetBlue (JBLU -2.5%), Hawaiian Holdings (HA -3.1%), Alaska Air Group (ALK -2.4%), Allegiant Travel (ALGT -3.2%), Spirit Airlines (SAVE -2.2%), Mesa Airlines (MESA -3.4%), SkyWest (SKYW -4.4%), Sun Country Airlines (SNCY -2.0%) and Frontier Group (ULCC -2.3%).Allegiant Travel is the U.S. airline with the highest Seeking Alpha Quant Rating.

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SkyWest, American Airlines lead down day for airline stocks on COVID, staffing concerns