Airline Stocks Fall After FAA Announces Flight Reductions Amid Shutdown
The post Airline Stocks Fall After FAA Announces Flight Reductions Amid Shutdown appeared on BitcoinEthereumNews.com.
Topline Share prices of several major U.S. airlines were down at least 1% early Thursday afternoon, one day after the Federal Aviation Administration announced flight reductions at 40 major airports amid an unprecedented government shutdown that has caused numerous flight delays, high wait times and major staffing troubles at airports nationwide. The flight reductions were announced Wednesday and go into effect Friday. (Photo by Mario Tama/Getty Images) Getty Images Key Facts Alaska Airlines and Hawaiian Airlines parent company Alaska Group fell about 2.2%% in trading as of around 1:45 p.m. EST, slicing significant gains made Wednesday. Shares of American Airlines Group were down 1.5% around the same time, also erasing gains made by the company made Wednesday. United Airlines Holdings and Delta Air Lines were down at least 1%, and at times were down more than 2% on Thursday. The stock turbulence follows the FAA’s decision to reduce flights starting Friday by 10% at 40 major airports, doing so as a safety precaution amid the government shutdown affecting several aspects of airport operations. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. Contra Southwest Airlines’ stock was up a fraction of a percent Thursday afternoon, maintaining gains made Wednesday. What To Watch For Multiple air traffic controllers told Forbes they expect several colleagues to quit their jobs soon if they see a $0 pay statement on Friday notifying them of their second missed paycheck. What Have Airlines Said About The Reductions? United Airlines said in a tweet it expects “the vast majority of customers’ travel” to proceed as planned, adding it would reach out to customers impacted by schedule changes. A statement from United Airlines CEO Scott Kirby…
Filed under: News - @ November 6, 2025 10:32 pm