Geopolitics Alpha

FAA declares rare, nationwide ground stop on flights, citing ‘extraordinary circumstances’

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GEOPOLITICS ALPHAFAA declares rare, nationwideground stop on flights, citing‘extraordinary circumstances’GEOPOLITICS ALPHA

Nearly 8,000 flights are delayed so far.

Directly affected

  • No company is named in this report.

Indirectly affected

  • JETS U.S. Global Jets ETF-6.7% 30d

    U.S. Global Jets ETF: it holds airlines. Linked by “flights” (airlines) in this story.

  • ITA iShares U.S. Aerospace & Defense ETF+1.2% 30d

    iShares U.S. Aerospace & Defense ETF: it holds aerospace and defense makers. Linked by “faa” (aerospace) in this story.

  • DAL Delta Air Lines+2.9% 30d

    Delta Air Lines (air transportation, scheduled): airlines' costs move with jet fuel and travel demand. Linked by “flights” (airlines) in this story.

  • UAL United Airlines Holdings-3.5% 7d

    United Airlines Holdings (air transportation, scheduled): airlines' costs move with jet fuel and travel demand. Linked by “flights” (airlines) in this story.

  • GE GE Aerospace+6.9% 30d

    GE Aerospace (electronic and other electrical equipment (no computer equip)): aircraft makers and suppliers move with orders and air travel. Linked by “faa” (aerospace) in this story.

  • HWM Howmet Aerospace-2.4% 30d

    Howmet Aerospace (rolling drawing and extruding of nonferrous metals): aircraft makers and suppliers move with orders and air travel. Linked by “faa” (aerospace) in this story.

  • TDG TransDigm Group+11.6% 30d

    TransDigm Group (aircraft parts and auxiliary equipment): aircraft makers and suppliers move with orders and air travel. Linked by “faa” (aerospace) in this story.

  • AAL American Airlines Group+3.0% 30d

    American Airlines Group (air transportation, scheduled): airlines' costs move with jet fuel and travel demand. Linked by “flights” (airlines) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
JETS+4.68%+4.63%baseafter closeafter closeafter closeafter close
ITA+0.24%+2.49%baseafter closeafter closeafter closeafter close
DAL+6.45%+5.84%baseafter closeafter closeafter closeafter close
UAL+10.26%+8.38%baseafter closeafter closeafter closeafter close
GE+1.16%+3.24%baseafter closeafter closeafter closeafter close
HWM-2.10%+1.40%baseafter closeafter closeafter closeafter close
TDG+0.29%+2.29%baseafter closeafter closeafter closeafter close
AAL+7.52%+6.95%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Nearly 8,000 flights are delayed so far.

Source: MarketWatch

This story

CompanyWhenMoveStatus
AALthree days earlier+6.95%final price
AALfive days earlier+7.52%final price
DALthree days earlier+5.84%final price
DALfive days earlier+6.45%final price
GEthree days earlier+3.24%final price
GEfive days earlier+1.16%final price
HWMthree days earlier+1.40%final price
HWMfive days earlier-2.10%final price
ITAthree days earlier+2.49%final price
ITAfive days earlier+0.24%final price
JETSthree days earlier+4.63%final price
JETSfive days earlier+4.68%final price
TDGthree days earlier+2.29%final price
TDGfive days earlier+0.29%final price
UALthree days earlier+8.38%final price
UALfive days earlier+10.26%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“FAA declares rare, nationwide ground stop on flights, citing ‘extraordinary circumstances’” scores 12 out of 100. The score uses 1 sources.