Airline stocks suffer broad selloff, even at the kick off of the busiest holiday travel days

Shares of airlines are broadly lower Tuesday, despite the day being the start of the busiest travel days of what the Transportation Security Administration expects to be the "busiest ever" holiday travel season. The U.S. Global Jets ETF (JETS) dropped 1.7% in afternoon trading, the day after closing at a six-week high. Within the Dow Jones Transportation Average , the top six decliners are the index's six airline components: Shares of JetBlue Airways Corp. (JBLU) shed 4.1%, of American Airlines Group Inc. (AAL) slid 2.0%, of Southwest Airlines Co. (LUV) gave up 2.0%, of Alaska Air Group Inc. (ALK) lost 2.0%, of Delta Air Lines Inc. (DAL) fell 1.9% and of United Airlines Holdings Inc. (UAL) declined 1.8%. And the Dow transports' seventh-worst performer was another travel stock, as Avis Budget Group Inc.'s stock (CAR) was down 1.6%. The TSA said last week that it expects "this holiday travel season to be the busiest ever." The TSA said the Thanksgiving travel period started Nov. 17 and ends Nov. 28, but the three busiest days tend to be the Tuesday and Wednesday before Thanksgiving and the Sunday after.

-Tomi Kilgore

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11-21-23 1535ET

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