Airline stocks (XAL -0.7%) struggle after an industry report says freight traffic declined 0.4%...

|By:, SA News Editor

Airline stocks (XAL -0.7%) struggle after an industry report says freight traffic declined 0.4% (Y/Y) in July. The IATA's Tony Tyler says, "with business and consumer confidence now tanking, sluggishness in international trade, and high fuel prices, the expectation is for a weaker end to the year." Decliners: LUV -1.3%, UAL -1%, LC -1.9%.