Airline stocks slumped Tuesday after Jefferies analysts lowered their ratings for three of the four major U.S. carriers, writing “consumer sentiment continues to disappoint.”

Airline stocks traded lower Tuesday. Concerns are growing about travel demand, with a decline in spending and consumer confidence.

The latest move is expected to boost AAL's competitive position in the airline industry.

Passenger volumes have rebounded to 2019 levels, but American Airlines has seen a significant decline in stock value and growth prospects. AAL's earnings and revenue have been sporadic, with operating income and EBITDA down in 2024, and guidance for 2025 has been slashed. Economic headwinds, high debt, and lower growth compared to peers make AAL less attractive despite its low valuation.

PITTSBURGH, PA — For several years, Edward Bonner frequently wandered the paths of Calvary Cemetery on a quest that began in his youth. Among the markers of the more than 150,000 people interred or entombed in the 200-acre cemetery, he searched for a select few ones and took photos of them. "I grew up in Hazelwood and I used to go to the cemetery a lot," he said. "And as I did, I started wondering about all the famous people buried there." The results of those searches and the historical research that followed have resulted in the recent book, "The Final Resting Place: Calvary Cemetery." Published by Sunberry Press in Mechanicsburg, it tells the frequently fascinating stories of about 50 well-known people for whom Calvary is indeed their final resting place. "From start to finish, it probably took me around four years to complete," said Bonner, 64, of Canonsburg, a retired American Airlines airplane mechanic and an active poet. "Hunting for the graves took some time. They give you the section where someone is located, but then you have to look around to find the actual grave site." Among the graves the Bonner located were those of: Bonner said he is hard at work on his next book. "I went around and took pictures of all the monuments and statues around Pittsburgh," he said. "There sure are a lot of them." The book can be ordered here.

Despite all of the recent market volatility, three stocks are flashing buy signals from Wall Street analysts, suggesting upside potential in the second quarter. Against a mixed market backdrop, with some sectors showing weakness and others resilience, these companies have attracted attention due to a combination of recent price dips and positive analyst sentiment.

The Q4 2024 earnings season ended on a high note with S&P 500® EPS growing 18.3% YoY. This week, three major airlines issued 8-Ks to lower the previous earnings and sales guidance given in those Q4 reports. Delta kicks off Q1 airline reports when they release results on April 9 (unconfirmed, projected based on historical earnings report dates.

Jamie Baker, JPMorgan senior airlines analyst, joins 'The Exchange' to discuss Delta's concerns in earnings, historical patterns on airline trading, and much more.

CNBC's Andrew Ross Sorkin reports on the latest news.

An American Airlines flight caught on fire after landing on the runway at Denver International Airport. The plane was diverted to Denver after the crew reported engine vibrations.