In the past three months, airline stocks have severely lagged the S&P 500. In fact, since the beginning of March, the U.S. Global Jets ETF (NYSE: JETS) has delivered a 12.5 percent loss while the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 2.8 percent.
The airliner underperformance has accelerated this week. According to Morgan Stanley analyst Rajeev Lawani, the weakness is all about skeletons in the closet for the airline industry.
“While our fundamental ...
/www.benzinga.com/analyst-ratings/analyst-color/16/06/8113819/why-are-airline-stocks-struggling alt=Why Are Airline Stocks Struggling?>Full story available on Benzinga.com
More...