by Wolf Richter
Estimated hit to global air passenger revenues quadruples to $113 billion. Stocks of top-seven US airlines plunged 30% in 15 trading days, after getting massacred today.
The shares of the top seven US airlines reacted sharply today, with drops as of mid-afternoon ranging from -6.8% for Delta to -16% for Spirit Airlines, which is now down 49% since January 17 before the coronavirus threatened the travel industry. Since January 17: