- Airline stocks dropped sharply on Tuesday following news that Trump is ending stimulus talks until after the election.
- Airlines were expected to be large beneficiaries of the next stimulus package. Speaker Pelosi urged airline executives on Friday to delay firings, saying relief was imminent.
- American Airlines dropped as much as 5% lower, United Airlines and Delta both fell 3.4%, and Southwest declined 2.4% during Tuesday trading.
Airline stocks dropped sharply on Tuesday after President Trump tweeted that he’s ending stimulus negotiations until after the election.
Airlines were expected to be a large beneficiary of the next stimulus package. Last Friday, House Speaker Nancy Pelosi urged airlines executives to delay job cuts, telling them that relief for airline workers was imminent.