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Stock impact report

Why Airline Stocks Are Down Today [Yahoo! Finance]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
Company Research Source: Yahoo! Finance
Shares of United Airlines Holdings (NASDAQ: UAL) are down 13% as of 10:30 a.m. ET. Meanwhile, shares of Frontier Group Holdings (NASDAQ: ULCC) and JetBlue Airways (NASDAQ: JBLU) are down 11% apiece, leading a broad sell-off in the sector. Airlines are in the business of transporting people from point A to point B, and people on international flights are not subject to the tariffs announced Wednesday. But that doesn't mean the industry will escape with no economic impact. Following the tariff announcements, a number of Wall Street banks predicted the risk of a near-term recession was on the rise. Travel has historically been a cyclical business because it is discretionary: If times are tough and families are having a hard time paying their bills, the obvious choice is to not take a vacation. As a result, hotel and cruise stocks are also feeling the impact. Last month, United and rivals warned of weakening market conditions . Thursday's sell-off is likely investors worrying about Show less Read more
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