Airline stocks took a dive in premarket trading Thursday, as part of a sharp broader stock market selloff, after President Trump announced overnight that travel to Europe was being suspended. Shares of American Airlines Group Inc. plunged 13.5%, United Airlines Holdings Inc. tumbled 9.8% and Delta Air Lines Inc. dropped 9.8%. Meanwhile, futures for the Dow Jones Industrial Average tumbled 1,140 points, or 4.8%, ahead of the open. "Airline bookings have fallen off a cliff, with cancelations exceeding new bookings as travelers are afraid to fly," analyst Helane Becker at Cowen wrote in a note to clients. "As a result, we expect spring break trips to continue to be canceled, and no summer trips to be booked until the number of new cases peak." Elsewhere, shares of Southwest Airlines Co. slid 8.6% and JetBlue Airways Corp. fell 7.9%. The U.S. Global Jets ETF , which was indicated down about 13%, has shed 37% over the past month through Wednesday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Japan Inc tightens wage purse strings as coronavirus clouds gatherAgainst the backdrop of the coronavirus epidemic and a looming global economic s...
Leer más »
U.S. airlines ditch 2020 outlooks, slash flights on virus hitLeading U.S. airlines American and Delta suspended 2020 financial guidance on Tu...
Leer más »
American and Delta slash US and overseas flights as coronavirus causes plunge in bookingsThe coronavirus took another bite out of the US airline industry early Tuesday, as two of the nation's largest airlines, American and Delta, announced deep cuts in their international and domestic schedules.
Leer más »
Newest coronavirus flight cancellations and travel restrictions as virus spreads in U.S.American Airlines and British Airways have suspended certain international flights.
Leer más »
US airlines cut more flights as demand plunges due to coronavirus outbreakMajor U.S. airlines announced more cuts to domestic flights Tuesday as demand continued to plunge amid the coronavirus outbreak. The global airline industry could take a hit of up to $113 billion as passenger demand continues to decline, according to the International Air Transport Association. United
Leer más »