> U.S. airlines fall between 2.7% and 3.7% premarket on concerns of tighter restrictions

U.S. airlines fall between 2.7% and 3.7% premarket on concerns of tighter restrictions

For the same reason we have seen weakness in the energy complex, shares of U.S. airlines are down in premarket on concerns of tighter restrictions to combat the spread of omicron

Monday, 20/12/2021 | 12:03 GMT-0

As has been the story of this morning's session, fears of Omicron-induced restrictions are elevated. This has weighed considerably on risk sentiment, with energy prices and airline/travel stocks suffering.

Shares of U.S. airlines have fallen between 2.7% and 3.7% in premarket, with WTI down 3% and Brent down 2.5%.

More restrictions = less travel = less demand for fuel.