BUZZ - US airline stocks decline as Federal Aviation Administration issues nationwide grounding order

November 13 - ** Major US airline stocks fell in after-hours trading

** The US Federal Aviation Administration (FAA) grounded all outbound flights nationwide (link) after air traffic control centers across the country experienced communication failures, causing thousands of flights to be disrupted

** United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines Group AAL.O and Southwest Airlines LUV.N shares fell 1% to 1.6%

** United Airlines stated that flights already departed would operate as usual, but no new domestic flights would take off during the FAA's ground stop order

** JetBlue Airways JBLU.O shares fell about 3%, while Frontier Airlines ULCC.O shares dropped 1.2%

** According to flight tracking service provider FlightAware, about 7,000 flights were delayed or canceled due to the nationwide ground stop order

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