From Zacks: It is a well-documented fact that stocks in the airline space have been plagued by multiple headwinds like weather-related disruptions, pricing issues and high costs.
The turbulence in the sector is largely responsible for the NYSE ARCA Airline Index declining 2.5% over the last three months. With Q3 earnings season coming up, the ongoing turbulence may result in airlines performing disappointingly. Let’s delve into the details.