Airline stocks closed with large losses after some bad news released. First of all, as a vaccine-sensitive industry, the news that AstraZeneca will pause the production of its vaccine over safety fears forced investors to sell sector’s stocks as they predict that the post-pandemic recovery will be slower than anticipated. American Airlines shares (NYSE: AAL) fell over 4% after the company said it is very possible to seek more money from the Government to boost its finances. After AstraZeneca suspended its vaccine production, some major airline companies warned that the Q3 revenues will likely fall more than they had expected.

Airline stocks