REFILE-BUZZ-US airline stocks descend as oil prices climb on Trump tariff jitters

Reuters
03 Feb
REFILE-BUZZ-US airline stocks descend as oil prices climb on Trump tariff jitters

Fixes JBLU RIC in third bullet

** Shares of U.S. airlines drop early Mon as oil prices climb after President Donald Trump slapped tariffs on Canada, Mexico and China, fueling fears of supply disruption O/R

** Brent crude recently up ~0.6% to $76.13/barrel as the tariffs, slated to take effect on Feb 4, include 25% levy on most goods from Mexico and Canada, with 10% tariff on energy imports from Canada and 10% tariff on Chinese imports

** Shares of United Airlines UAL.O down 2.5%, Delta Air Lines DAL.N off 3%, while JetBlue JBLU.O down >5% in early action

** Southwest Airlines' LUV.N stock off ~1%, American Airlines AAL.O down 3% and Alaska Air ALK.N dips 2%

** S&P 1500 Passenger Airlines index .SPCOMALI off 2.6% with all components in the red on Mon

** Wall Street's main indexes slide at the open as concerns of a full-blown trade war jolted global markets .N

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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