Airlines stocks dropped Monday as more than two dozen nations restricted travel because of ‎the highly contagious ‎mutation of Covid-19 discovered in the U.K. and South Africa. British ‎officials sounded the alarm over what they ‎claimed was a quick-spreading strain of the virus ‎after discovering it in the U.K. Several countries have banned ‎flights from the U.K. or ‎travelers who visited that country. On Sunday, the Canadian government announced that ‎it ‎would suspend passenger flights from the United Kingdom for 72 hours.‎

‎ This ban just came ahead of the peak holiday season. As a result of the pandemic, U.S. ‎carriers burn more than ‎‎$180 million in cash daily, as passenger volumes are down roughly ‎‎70% from a year earlier.‎

As a result of the new strain, said to be 70% more transmissible than the original, several ‎countries have suspended ‎Britain’s flights.

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American Airlines Group Inc. (NASDAQ:AAL) shares were trading down -2.48% at $16.10 at ‎the time of writing on Monday.‎

American Airlines Group Inc. (NASDAQ:AAL) share price went from a low point around ‎‎$8.25 to briefly over $30.78 in past 52 weeks, though shares have since pulled back to $16.10. AAL market cap has ‎remained high, hitting $9.91B at the time of writing, giving it price-to-sales ratio of more than 0.‎

If we look at the recent analyst rating AAL, Deutsche Bank downgraded coverage on ‎‎AAL shares with a Hold rating and a $11.36 price target, which implies room for -4.74% ‎downside momentum this year.‎

Alaska Air Group Inc. (ALK) last closed at $50.22, in a 52-week range of $20.02 to $69.63. ‎The company recently added more ‘sun and fun’ destinations from Anchorage. Analysts have a consensus price ‎target of $54.87.‎

Azul S.A. (AZUL) stock drop by -4.49% to $21.46. On December 8, 2020, the company ‎declared its preliminary traffic results for November 2020. The most recent rating by Raymond James, on ‎December 10, 2020, is at a Mkt perform.‎

Delta Air Lines Inc. (NYSE:DAL) Shares headed falling, lower as much as -1.33%. The most ‎recent rating by Deutsche Bank, on December 11, 2020, is at a Hold.‎

Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) fall -6.12% after losing more than -$0.61 on ‎Monday after reporting that its subsidiary GOL Finance priced a private placement of US$200,000,000 ‎‎(approximately R$1,018,000,000) aggregate principal amount of 8.00% Senior Secured Notes due 2026. GOL ‎Finance Prices US$200 million of 8% Senior Secured Notes due 2026.‎

Hawaiian Holdings Inc. (HA) last closed at $18.02, in a 52-week range of $7.55 to $31.11. ‎The company on December 16, 2020 published its inaugural Corporate Kuleana Report outlining progress ‎advancing a host of environmental, social and governance (ESG) initiatives. Analysts have a consensus price target ‎of $15.13.

JetBlue Airways Corporation (JBLU) stock drop by -0.77% to $14.24. The airline recently ‎revealed a new seamless testing and verification procedure for customers traveling to Aruba as the airline, the ‎Aruban government, CommonPass, and the airline’s at-home testing partner, Vault, set plans to work together to ‎streamline travel. The most recent rating by JP Morgan, on December 16, 2020, is at an Underweight.

Southwest Airlines Co. (NYSE:LUV) Shares headed falling, lower as much as -0.50%. The ‎most recent rating by Deutsche Bank, on December 11, 2020, is at a Hold.

‎Spirit Airlines Inc. (NYSE:SAVE) fall -1.97% after losing more than -$0.51 on Monday.

United Airlines Holdings Inc. (UAL) last closed at $44.06, in a 52-week range of $17.80 to ‎‎$90.57. A Message From Scott Kirby and Brett Hart. Analysts have a consensus price target of $47.00.