US airline stocks slide as oil spike, geopolitical tensions weigh on sector

Southwest Airlines Co

15/05/2026 09:32

** U.S. airline stocks were down premarket on Friday

** Airline stocks drop as oil prices rose ~2% after U.S. President Donald Trump said he and China President Xi Jinping agree that Iran must not develop nuclear weapons amid concerns over shipping disruptions in the Strait of Hormuz O/R

** Delta Air Lines DAL.N, United Airlines UAL.O and Southwest Airlines LUV.N drop between 1% and 1.5%

** Shares of Alaska Air ALK.N down 1.6%

** The Dow Jones U.S. airlines sub-index .DJUSAR down ~7.7%, YTD

 (Reporting by Rashika Singh in Bengaluru)