US carriers fall as oil rises after Houthi attacks stoke Middle East supply fears
XLY•US airline shares fell as oil prices jumped after Houthi attacks in Saudi Arabia raised concerns about energy supply disruptions. Brent settled at $113.17 a barrel, up 4%, while U.S. crude settled at $99.47, up 2.4%.
1. Airline shares drop
JetBlue and Delta Air Lines shares fell almost 5%, while American Airlines, United Airlines, Southwest Airlines and Alaska Air dropped 4% to 6%. Oil prices rose after Houthi attacks in Saudi Arabia raised concerns about supply disruptions from the key exporting region.
