U.S. Airline Stocks Fall Amid FAA Flight Reductions Due to Government Shutdown

US airline stocks declined moderately after the FAA announced a 10% reduction in flights from 40 airports due to a lack of air traffic control personnel caused by the government shutdown, affecting an estimated 3,500 flights. The cuts will likely boost the performance of airlines with a lower number of flights affected, such as Alaska Air Group, Delta Air Lines, and Southwest Airlines.