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US Stock Movement | Airline stocks decline across the board in pre-market trading United Airlines(UAL.US) drops over 7%
Wind Information APP has learned that on Monday, airline stocks declined across the board before the market opened. As of the latest report, United Airlines (UAL.US) fell more than 7%, American Airlines (AAL.US) dropped over 6%, and Delta Air Lines (DAL.US) declined 6%. Regarding recent developments, the situation in the Strait of Hormuz has suddenly escalated. Goldman Sachs research team assesses that the oil tanker sector is likely to be the biggest beneficiary of this geopolitical conflict, while airlines, due to their exposure to fuel costs, are the most affected within the transportation sub-sectors they cover, with profits most significantly impacted by rising oil prices.