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FAA Groundstop Pressures Airline Shares After Hours

A communications issue that prompted the Federal Aviation Administration to halt flights across the U.S. weighed on airline stocks in after-hours trading, with JetBlue Airways posting the steepest decline among the carriers listed.

FAA Groundstop Pressures Airline Shares After Hours

JetBlue fell 4.5% to $3.59. American Airlines slipped 1.9% to $12.92, while Delta Air Lines lost 1.8% to $84.67. Frontier Group Holdings, Southwest Airlines and United Airlines also traded modestly lower after the market closed.

Badger Meter moved in the opposite direction. The company said its board authorized a $250 million expansion of its stock buyback program, and its shares rose 1.2% to $156.59.

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