- Airline stocks are dropping ahead of a meeting today.
- U.S. Transportation Secretary Pete Buttigieg is meeting with company executives.
- The goal of the meeting is to address disruptions to flights.
Airline stocks are a hot topic today as U.S. Transportation Secretary Pete Buttigieg prepares to meet with company leaders.
Buttigieg is expected to speak with airline company executives about ongoing problems in the space. That includes unreliable travel as flights have experienced delays over the last few months.
Airlines are seeing an increase in demand as more people travel this summer. However, many companies have yet to recover from the pandemic and are struggling to keep up. Rising inflation and increasing prices for jet fuel are also only making matters worse
While Buttigieg wants this all sorted out, there’s a chance nothing changes after today’s meeting. That could mean more disruptions to air travel throughout the summer. Especially during the busy July 4th weekend.
All of this news has airline stocks falling today. Let’s see how bad it is below.
Airline Stocks Falling on Thursday
- American Airlines (NASDAQ:AAL) stock is down 9% as of Thursday afternoon.
- Delta Air Lines (NYSE:DAL) shares are dropping 7.8% as of this writing.
- United Airlines Holdings (NASDAQ:UAL) stock is taking an 8% beating today.
Investors seeking more stock market news will want to stick around!
We’ve got all the hottest stock news worth knowing about for Thursday! That includes what’s happening with shares of Gores Guggenheim (NASDAQ:GGPI), Sidus Space (NASDAQ:SIDU) and tech stocks at large. You can read that news at the links below!
More Thursday Stock Market News
- Why GGPI Stock Is Down 25% in 2022 Ahead of Polestar SPAC Merger Vote
- Why Is Sidus Space (SIDU) Stock Up Another 50% Today?
- Tech Stocks NFLX, AAPL, GOOGL, AMZN, META, TSLA Fall as Recession Fears Grow
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.