U.S. Airline Stocks Fall as Antitrust-Probe Report Erases RallyEdward Dufner
U.S. airline shares tumbled, erasing an earlier gain, after the Associated Press reported that the U.S. Justice Department was investigating whether carriers were colluding to help prop up airfares.
The Bloomberg U.S. Airlines Index slid 3.6 percent, the biggest intraday drop since June 9, at 2:03 p.m. in New York. The gauge of 11 carriers rose as much as 1.7 percent earlier.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- In One Tweet, Kylie Jenner Wiped Out $1.3 Billion of Snap’s Market Value
- U.S. Companies Abandon the NRA as Boycott Call Grows
- China Regulator Seizes Anbang, Chairman Faces Fraud Prosecution
- Prime-Age Men May Never Return to U.S. Workforce, Fed Paper Says
- The Two Words That Will Help Get an Airline Upgrade Over the Phone