SAVE - Stimulus delay rattles airline sector
Airline stocks turned lower after President Trump called off COVID-19 stimulus talks until after election.The break lower is keeping with the recent trend of the sector to react closely to stimulus developments. The delay will also mean more pressure for airline companies to cut costs with monthly cash burn rates still a concern.Sector watch: American Airlines ([[AAL]] -2.4%), Delta Airlines ([[DAL]] -1.7%), Southwest Airlines ([[LUV]] -1.2%), United Airlines ([[UAL]] -1.9%), JetBlue ([[JBLU]] +0.3%), Hawaiian Holdings ([[HA]] -0.4%), Alaska Air Group ([[ALK]] -1.4%), Allegiant Travel ([[ALGT]] -2.5%), Spirit Airlines ([[SAVE]] -1.2%), Mesa Airlines ([[MESA]] +1.9%) and SkyWest ([[SKYW]] -0.5%).Details on the overall market reaction
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Stimulus delay rattles airline sector