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Airline Stocks Flat as U.S. Ends Shutdown-Era Flight Cuts
Airline Stocks Flat as U.S. Ends Shutdown-Era Flight Cuts
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BTCCSquare news:
Shares of major U.S. commercial airlines hovered NEAR the flatline during early trading on Monday, just before the aviation authorities’ mandated flight cuts were scheduled to end. American Airlines (AAL), United Airlines Holdings (UAL), and Delta Air Lines (DAL) saw marginal gains of about half a percentage point.
The U.S. Federal Aviation Administration (FAA) had implemented phased flight reductions during the government shutdown, citing a shortage of unpaid air traffic controllers. The 43-day shutdown, the longest in U.S. history, ended on November 12th, alleviating staffing shortages as controllers returned to work.
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