Airline stocks outperform, amid hopes U.S. will lift the EU travel ban 'soon'
Dow Jones2021-09-20
The airline sector fell, but outperformed amid a broader-market selloff, after reports that President Biden will soon lift the travel ban on Europeans, which was put in place early in the COVID-19 pandemic by former president Donald Trump. Stavros Lambrinidis, the European Union Ambassador to the U.S., tweeted Monday, "Hope there'll be a positive announcement soon."
The U.S. Global Jets ETF$(JETS.UK)$ slipped 0.04%, while the S&P 500 shed 1.4%. Among the more-active U.S. air carriers, shares of American Airlines Group Inc. $(AAL)$ rose 1.77%, Delta Air Lines Inc. $(DAL)$ eased 0.59% and United Airlines Holdings Inc. $(UAL)$ gained 0.56%.
The Biden administration agreed with its European Union officials to lift travel restrictions for vaccinated citizens, Politico reported, citing three senior EU officials.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
