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home / news releases / SAVE - Stimulus delay rattles airline sector


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

For further details see:

Stimulus delay rattles airline sector
Stock Information

Company Name: Spirit Airlines Inc.
Stock Symbol: SAVE
Market: NYSE
Website: spirit.com

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