Shares of airline stocks are trading lower amid overall market weakness on rate hike concerns.
Portfolio Pulse from Benzinga Newsdesk
Airline stocks, including GOL and JBLU, are trading lower due to overall market weakness and concerns about potential rate hikes.
July 06, 2023 | 5:32 pm
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NEGATIVE IMPACT
GOL's stock is trading lower due to market weakness and rate hike concerns.
The overall market weakness and concerns about potential rate hikes are negatively impacting the stock price of GOL. As an airline company, it is sensitive to these macroeconomic factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
JBLU's stock is trading lower due to market weakness and rate hike concerns.
The overall market weakness and concerns about potential rate hikes are negatively impacting the stock price of JBLU. As an airline company, it is sensitive to these macroeconomic factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100