Why Airline Stocks Are Trading Lower Today

Shares of several airline companies including Delta Air Lines, Inc. DAL, United Airlines Holdings, Inc. UAL and American Airlines Group Inc. AAL are trading lower amid a drop in Labor Day airline bookings due to COVID-19 concerns.

According to a Bloomberg report, spending for the Labor Day holiday was down 16% from 2019 as of Aug. 21, while bookings were off 15%.

Delta Air Lines' stock was trading about 3.5% lower at $40.04 per share on Monday at the time of publication. The stock has a 52-week high of $52.28 and a 52-week low of $27.92.

United Airlines' stock was trading about 3.7% lower at $45.94 per share. The stock has a 52-week high of $63.70 and a 52-week low of $31.22.

American Airlines' stock was trading about 3.5% lower at $19.53 per share. The stock has a 52-week high of $26.09 and a 52-week low of $10.63.