UAL is trading 3.2% down now at $110.75, reflecting broader market weakness driven by stronger-than-expected inflation data and persistent headwinds from elevated fuel costs.
- The decline occurred alongside the Nasdaq Composite falling 1.32% and the S&P 500 dropping 0.69%.
- Inflation concerns were amplified as headline PPI registered 3.0%, significantly exceeding the 2.7% forecast.
- Airlines face pressure as oil prices rose above $61/barrel due to geopolitical tensions in Iran, despite crude inventory builds.