Airline stocks have done OK the last couple days.
Is that because the plunging oil price (their biggest cost component) offsets the potential business decline?
Don’t kid yourself...
It’s just started....
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Airline Stocks Tumbling
Can’t buy gas if you aren’t selling any tickets.
It’ll take a few days, but by Monday the airlines should have an idea how much/if advanced bookings have dropped.
IF they are allowed to release the info.