What happened Congressional lawmakers are preparing to leave Washington, and any hopes of a second stimulus package prior to the election are exiting with them. Meanwhile, the stats on new COVID-19 cases continue to rise. That's weighing on airline stocks on a gloomy day for broader markets. Shares of Spirit Airlines (NYSE: SAVE) are leading the sector down, off by 7.8% as of 11:30 a.m. EDT; while shares of United Airlines Holdings (NASDAQ: UAL), Alaska Air Group (NYSE: ALK), American Airlines Holdings (NASDAQ: AAL), and Delta Air Lines (NYSE: DAL) are all down 5% or more. JetBlue Airways (NASDAQ: JBLU) and Hawaiian Holdings (NASDAQ: HA) were holding on slightly better, down just 4% apiece, and Southwest Airlines (NYSE: LUV) was off 3.4% as investors mull an extended period of headwinds for the industry. So what Few industries have been hit harder by the COVID-19 pandemic than the airlines. Travel demand has cratered in 2020 and is expected to take years to fully recover. The airlines have survived so far thanks to taking on billions in new debt in addition to government support, but given the pessimistic recovery forecast, the carriers need to be much smaller than they were heading into 2020. Image source: Getty Images. Airlines have announced tens of thousands of layoffs, but the industry had been hoping to be spared job cuts by a second round of stimulus. The CARES Act provided funds to support payrolls in return for a prohibition on layoffs through Sept. 30, and lawmakers had proposed a six-month extension as part of a broader second stimulus package, but it now appears no aid will be forthcoming prior to the election. Airline shares are also under pressure following back-to-back days of record numbers of new virus cases in the United States. The long-feared second wave of COVID-19 appears to be at hand in both the U.S. and Europe, raising concerns about whether the fledgling early stages of a recovery can be sustained. An airline recovery can't begin until COVID-19 is in the rearview mirror. With a vaccine still months away and case numbers growing by the day, there isn't much reason to believe the companies, or the stocks, will soar higher anytime soon. Now what Airline stocks for months now have traded up and down based on daily updates on the number of new cases and the outlook for further government assistance. That's led to a lot of turbulence, but the stocks haven't really moved that far. Expect that to continue. We've seen enough out of the industry to know there are no immediate bankruptcy concerns, but even the top carriers are going to need years before they are able to regain altitude. For those interested in investing in an aviation recovery, there are related nonairline stocks that I think are a better bet. Among the airlines, stick to top operators like Southwest and Delta and be prepared for a long journey ahead. 10 stocks we like better than JetBlue AirwaysWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and JetBlue Airways wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Lou Whiteman owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool owns shares of Spirit Airlines. The Motley Fool recommends Alaska Air Group, Delta Air Lines, Hawaiian Holdings, JetBlue Airways, and Southwest Airlines. The Motley Fool has a disclosure policy.Source