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Airline stocks fell in premarket trading on Wednesday after a Federal Aviation Administration computer outage grounded U.S. flights.
Southwest Airlines Co.’s stock
LUV,
was down 2.3% before the opening bell and American Airlines Group Inc.
AAL,
was down 0.5%, while United Airlines Holdings Inc.
UAL,
was down 0.5%. Delta Air Lines Inc.’s stock
DAL,
fell 0.3%, and Spirit Airlines Inc.
SAVE,
fell 0.1%. After an initial fall JetBlue Airways Corp.
JBLU,
rallied to rise 0.1%. The U.S. Global Jets ETF
JETS,
was down 0.4%.
See: Airline stocks fell premarket after FAA says all U.S. flights grounded over computer outage
“The FAA is working to restore its Notice to Air Missions System,” the FAA tweeted early Wednesday. “We are performing final validation checks and reloading the system now.”
“Operations across the National Airspace System are affected,” the FAA added. “We will provide frequent updates as we make progress.”
In a subsequent tweet, the FAA said it had ordered airlines to pause all domestic departures until 9 a.m. Eastern time.
In a later tweet, The FAA explained that all flights currently in the sky are safe to land, noting that pilots check the NOTAM system before they fly.
At 8:15 a.m. ET, the FAA tweeted that it was making progress in restoring the system, with departures resuming at Newark Liberty International Airport and Hartsfield-Jackson Atlanta International Airport. Departures were expected to resume at other airports at 9 a.m. ET, the FAA said.
The Notice to Air Missions System provides pilots with safety information. U.S. Transportation Secretary Pete Buttigieg tweeted that he has been in touch with the FAA about the outage.
President Biden was briefed on the situation by Buttigieg, according to White House Press Secretary Karine Jean-Pierre, who said that the president directed the Department of Transportation to conduct a full investigation into the outage. At this stage, there is no evidence of a cyberattack, according to Jean-Pierre.
A Notice to Air Missions contains “information essential to personnel concerned with flight operations but not known far enough in advance to be publicized by other means,” according to the FAA’s website. The notice states the abnormal status of a component of the National Airspace System, not the normal status, according to the FAA.
Flights that were in the skies at the time of grounding would be permitted to land, and there was believed to be no danger to any in-progress flights, NBC reported. The network also reported that airports in Europe had said U.S.-bound operations were underway as scheduled.
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