US Stock Market Move | Airline stock prices fell across the board in pre-market trading. United Airlines Holdings, Inc. (UAL.US) dropped over 7%.

On Monday, the stock prices of airlines fell across the board before the market opened. As of the time of writing, United Airlines Holdings, Inc. (UAL.US) fell over 7%, American Airlines Group Inc. (AAL.US) fell over 6%, and Delta Air Lines, Inc. (DAL.US) fell 6%. In terms of news, tensions in the Strait of Hormuz suddenly escalated. The research team at Goldman Sachs Group, Inc. assessed that the oil tanker sector is expected to be the biggest beneficiary of the conflict with GEO Group Inc., and airlines, as the sector most exposed to fuel costs, are at the forefront. Among the various sectors in transportation that they cover, the impact of rising oil prices on airlines' profitability is most pronounced.