The airline sector fell, but outperformed amid a broader-market selloff, after reports that President Biden will soon lift the travel ban on Europeans, which was put in place early in the COVID-19 pandemic by former president Donald Trump. Stavros Lambrinidis, the European Union Ambassador to the U.S., tweeted Monday, "Hope there'll be a positive announcement soon."
The U.S. Global Jets ETF $(JETS.UK)$ slipped 0.04%, while the S&P 500 shed 1.4%. Among the more-active U.S. air carriers, shares of American Airlines Group Inc. $(AAL)$ rose 1.77%, Delta Air Lines Inc. $(DAL)$ eased 0.59% and United Airlines Holdings Inc. $(UAL)$ gained 0.56%.
The Biden administration agreed with its European Union officials to lift travel restrictions for vaccinated citizens, Politico reported, citing three senior EU officials.
