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Why Airline Stocks Are Falling Again Today

Why Airline Stocks Are Falling Again Today

Airline stocks continue to underperform the overall market, with shares of United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), and Frontier Group Holdings (NASDAQ: ULCC) all down as much as 5%, and stocks including Southwest Airlines (NYSE: LUV) and Alaska Air Group (NYSE: ALK) down more than 3% apiece. The Federal Reserve pushed rates higher again this week, and it appears Chairman Jerome Powell's message to markets about the group's commitment to getting inflation under control is being received.