On Monday, the Biden administration announced plans to go after airlines and travel websites if they try to slip in fees after you’ve bought your ticket.
Since then, the low-fare airline giant has built up a sizable business flying customers to, from, and within Hawaii. Barring a turnaround in its performance, that could lead to retrenchment sometime down the road, benefiting hometown airline Hawaiian Holdings (NASDAQ: HA). In the first year after it began service to Hawaii, Southwest Airlines expanded rapidly there.
The airline industry's already tricky attempt to navigate away from its pandemic-era lows is facing fresh headwinds, and investors are reacting by heading for the emergency exits. Shares of Hawaiian Holdings (NASDAQ: HA), Frontier Group Holdings (NASDAQ: ULCC), JetBlue Airways (NASDAQ: JBLU), and American Airlines Group (NASDAQ: AAL) both traded down as much as 5% on Tuesday, and shares of Delta Air Lines (NYSE: DAL) and United Airlines Holdings (NASDAQ: UAL) weren't far behind, as the market reacted to the latest risks facing the sector.