Airline stocks fall as FAA orders 10% cut amid shutdown
Major US airline stocks fell after-hours Wednesday after the Federal Aviation Administration (FAA) ordered a 10% cut in air traffic across 40 major airports due to staff shortages amid the government shutdown. The move aims to ease pressure and maintain safety. Delta, American, United, and Southwest Airlines slipped 0.3%-0.6% in extended trading, raising fears of holiday travel chaos.