Why Airline Stocks Are Sinking (Again) on Thursday

Why Airline Stocks Are Sinking (Again) on Thursday

In trading yesterday, shares of United Airlines (NASDAQ: UAL) soared more than 14% and American Airlines (NASDAQ: AAL) gained 16%. Discount airline Spirit (NYSE: SAVE) notched a 12% gain, and even Delta Air Lines (NYSE: DAL) -- burdened by bad news earlier in the week -- closed 9.5% higher. In early trading Thursday, circa 11:11 a.m. EDT, United is giving back 3.9% and Spirit 4.7%.