Why Airline Stocks Are Declining Today
Concerns about the coronavirus outbreak in China weighed on airline stocks on Friday, with shares of American Airlines Group (NASDAQ: AAL) and United Holdings (NASDAQ: UAL) each trading down more than 5% and Hawaiian Holdings (NASDAQ: HA) down more than 4%. It's far too soon to say for sure how bad the outbreak will get, or how widespread it will become, but investors aren't in a mood to hang around to find out.
International public health experts are carefully monitoring an outbreak originating in Wuhan, China, that to date has infected more than 830 and killed at least 26. Most of the cases so far have been in China; however, the Centers for Disease Control and Prevention (CDC) on Friday confirmed a second U.S. case, and France confirmed the first two cases in Europe.
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Source Fool.com
