Shares of airlines took a tumble Monday, as the rapid spread of the coronavirus out of China triggered travel bans, with particular weakness in carriers with a global footprint. American Airlines Group Inc.'s stock AAL, -5.57% sank 7.1% to pace the losers in both the Dow Jones Transportation Average DJT, -1.76% and the S&P 500 SPX, -1.28%. The Dow transports were also led lower by shares of United Airlines Holdings Inc. UAL, -4.25%, down 5.1%, and Delta Air Lines Inc. DAL, -4.40%, which fell 4.6%. Elsewhere, shares of Hawaiian Air parent Hawaiian Holdings Inc. HA, -5.01% lost 4.8%, JetBlue Airways Corp. JBLU, -3.44% gave up 2.8%, Southwest Airlines Co. LUV, -0.93% slipped 1.5% and Alaska Air Group Inc. ALK, -2.25% dropped 2.5%. The Dow transports fell 232 points, or 2.1%, while the NYSE Arca Airline Index XAL, -3.63% slid 3.3% and the S&P 500 SPX, -1.28% was down 1.5%.
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January 27, 2020 at 10:07PM
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Airline stocks tumble as spread of coronavirus triggers travel bans - MarketWatch
Business - Latest - Google News
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