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Should You Buy or Sell Airline Stocks Right Now?

TheMotleyFool

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Should You Buy or Sell Airline Stocks Right Now?

Airline shares have been decimated by the COVID-19 coronavirus sell-off, with some stocks losing nearly half of their value in the last two weeks alone. And not without reason.

As the coronavirus has spread globally, travel demand has plummeted, with United Airlines Holdings (NASDAQ: UAL) saying it saw near-term demand to all of Asia fall by more than 75% when the virus was largely contained to China. The airlines have canceled flights to parts of the world that have been heavily affected, and some, including United and JetBlue Airways (NASDAQ: JBLU), have announced plans to scale back service across their entire networks until demand resumes.