BUZZ-Global airline stocks lose $41 bln market cap in February - AJ Bell

** The global airline sector has lost a fifth of it's market capitalization, or $40.6 billion, in February, says AJ Bell, a UK-based investment firm

** The sector's current valuation stands at a 5-year low and is 45% below its January 2018 peak of $205 billion, as benchmarked by the S&P Global 1200 airlines index

** This is a massive contrast to just 3 years ago when American Airlines' CEO Doug Parker argued that the industry will be profitable in good times and bad, says Russ Mould, investment director at AJ Bell

** Industry body International Air Transport Association (IATA) estimates airlines could lose between $63 bln and $113 bln in revenue for passenger traffic globally in 2020

** Shares of American Airlines, Delta Air Lines Inc, and United Airlines fall between 2% and 3% premarket (Reporting by Rachit Vats)