Airline stocks are trading lower after United Airlines, a major carrier, issued a third-quarter profit forecast that fell significantly short of Wall Street expectations. The company also warned that surging jet fuel prices could increase its annual expenses by nearly $6 billion, raising concerns about profitability across the sector. This negative outlook from an industry leader is creating headwinds for the entire airline group, pressuring the JETS ETF.
Airline Stocks Fall on United's Weak Guidance and Fuel Cost Warnings