Shares fall across the board to 2014 levels

Dino D'Amore
By Dino D'Amore June 15, 2016 22:37

Shares fall across the board to 2014 levels

Shares of American Airlines (AAL), Delta Air Lines (DAL) and United Continental Holdings (UAL) continued their rapid falls yesterday, closing at their lowest levels since late 2014, following negative headwinds and headlines.

American Airlines, after recovering from the early 2016 market sell-off, it rose as high as 43.78 on March 21 but has fallen 31% since then. It ended the day down 4.5% at 30.36 yesterday.

Delta, fell 3.6% to 39.11. That’s the lowest since the Aug. 24, 2015 market flash crash. After years of steady revenue growth, Delta has seen sales shrink slightly for the last three quarters in a row. Delta recently warned on passenger unit revenue.

United Airlines fell 4.5% to 42.09, well below a March 21 intraday high of 61.41. Shares have undercut their January low to their worst level since October 2014.

Southwest Airlines was down 5.4% to 39.88. Southwest Air has plunged through its 200-day line this week and is at a three-month low.

JetBlue Airways ended the trading day yesterday down 3.1% at 16.77. That’s the lowest since the Aug. 24, 2015, flash crash.

Dino D'Amore
By Dino D'Amore June 15, 2016 22:37