Why Airline Shares Are Down Today

Leading the way downward were shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), JetBlue Airways (NASDAQ: JBLU), and Spirit Airlines (NYSE: SAVE), with each stock down more than 5% for the day. All four of these stocks are up at least 20% year to date, even with Thursday's sell-off, and Spirit is up nearly 40%. News from the White House that all American adults should have access to a vaccine in time for the summer travel season had airline stocks gaining ground yesterday.