Airline Stocks Face Turbulence Amid Massive Flight Delays and Cancellations

Airline stocks are facing turbulence due to massive flight cancellations and delays over the weekend, with over 5,163 flights cancelled and 24,000 flights delayed. The cancellations are expected to impact earnings of major US carriers, including Delta Air Lines, American Airlines, United Airlines, and Southwest Airlines. The Federal Aviation Administration has ordered airlines to reduce domestic flights by 10% to alleviate infrastructure load.