The Wall St Casino turned on airline stocks yesterday as the Dow Jones index was again battered, losing 4.1% on the day across the board.
The sensitivity of the airline sector was emphasised again, as the major US airlines lost over four times that. Alaskan lost a whopping 18.6%, American Airlines was close behind, down 18.1% and US Airways (-16.9%), United and Continental (-13.3%, Delta (-11.9%) were not far behind.
Of the US carriers, Southwest fared least badly, down a mere 4.0%.
North & South America selected airlines daily share price movements (% change): 05-Mar-09
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.