New York CNN —It’s been a tough month for shares of airline companies.
Here’s why investors are getting out of airline stocks.
Boeing’s “can of worms”: Boeing’s problems began on Jan. 5, when the door plug on an Alaska Airlines Boeing 737 Max 9 detached mid-flight.
Oil prices are volatile: Investors are also concerned about a possible spike in oil prices.
United Airlines Holdings shares have declined 8% so far in January and American Airlines Group shares have fallen 6%.
Persons:
New York CNN — It’s, Wells, “, Max, JetBlue’s, Patrick T, Fallon, Brent, Ed Bastian, Antony Blinken, CNN’s Jennifer Hansler, Bryan Mena, Read
Organizations:
CNN Business, Bell, New York CNN, NYSE, Alaska Airlines Boeing, Max, Boeing, Alaska Airlines, US Federal Aviation Administration, National Transportation Safety, FAA, ”, Spirit Airlines, JetBlue, Spirit, CNN . Spirit Airlines Airbus, JetBlue Airlines Airbus, Los Angeles International Airport, Getty, US Justice Department, Hawaiian Airlines, Hawaiian Holdings, US, . West Texas, Delta Air Lines, Delta, United Airlines Holdings, American Airlines Group, Blinken’s Boeing, Commerce Department
Locations:
New York, Washington, Boston, AFP, Iran, Yemen, Davos, Zurich, deplane