Home News U.S. Airline Stocks Crushed. Southwest Warns on U.S. Domestic Demand. U.K. Airline...

U.S. Airline Stocks Crushed. Southwest Warns on U.S. Domestic Demand. U.K. Airline Collapses, Abandoned by Its Coronavirus-Spooked Owners

March 5, 2020

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:

Continue Reading at WolfStreet.com…

ALL CONTENT ON 'FINANCIALSURVIVALNETWORK.COM' IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'FINANCIALSURVIVALNETWORK.COM' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, PRECIOUS METALS, OR FUTURES. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY. THANK YOU.