Airline stocks fall as airports remain closed in Texas
Tuesday, Aug 29, 2017 10:24 by InvestingPie

Airline stocks were battered for a second session Tuesday, as investors continued to monitor the flooding in Texas caused by Tropical Storm Harvey and await updates on when regional airports and air services can be restored.

The NYSE Arca Airline index XAL, -0.19%  was down 0.8% at $104.47, and is now down almost 16% from its July peak, putting it firmly into correction territory, which many on Wall Street define as a decline of between 10% and 20% from a significant peak.

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Very informative
05-03 04:23 by Liam
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