US airlines fall as FAA issues nationwide ground stop
XLI•Shares of major US carriers fell in extended trading after the FAA grounded all departing flights nationwide following a communications failure at air traffic control centers. About 7,000 flights were delayed or cancelled.
1. Nationwide flight disruption
The FAA grounded all departing flights nationwide after a communications failure affected air traffic control centers across the US. United Airlines said its airborne flights would continue, but new domestic flights would not depart while the ground stop was in place.
2. Carrier shares decline
United Airlines, Delta Air Lines, American Airlines Group and Southwest Airlines fell between 1% and 1.6% in extended trading. JetBlue Airways dropped about 3%, while Frontier fell 1.2%. FlightAware reported about 7,000 delayed or cancelled flights.
