U.S. to Ease International Travel Curbs: Airline Names Take Off

 | Sep 21, 2021 02:14AM ET

The airline stocks in the United States have had an unimpressive run on the bourses of late, mainly due to the rapid spread of the highly contagious Delta variant of COVID-19. On account of the spike in COVID-19 cases and subsequent hospitalization induced by the deadly infection, shares of leading airlines, namely Delta Air Lines (NYSE:DAL) .

JetBlue, which launched its first transatlantic service connecting New York’s John F. Kennedy International Airport with London Heathrow Airport in August, 2021, was also happy about the White House statement. Shares of this low-cost carrier inched up 1.91% on Sep 20.

That the announcement got wide acceptance can be gauged from the northward movement of the airline stocks, which came despite the overall stock market experiencing a dismal day. As a result of the sell-off, the S&P 500, Nasdaq and Dow dipped 1.7%, 2.2% and 1.8%, respectively, on Sep 20.


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