Airline Stocks Extend Losses After Thousands of Flight Cancellations
Shares in some of the world's largest airlines fell further on Tuesday as investors count the cost of a prolonged conflict in the Middle East. Aside from a surge in the cost of fuel, airlines are weighing the viability of routes that have relied on the Middle East corridor. Declines among European carriers, which use the Persian Gulf don't hfrequently to connect to Asia, were sharp.
Shares in some of the world's largest airlines fell further on Tuesday as investors count the cost of a prolonged conflict in the Middle East. Aside from a surge in the cost of fuel, airlines are weighing the viability of routes that have relied on the Middle East corridor. Declines among European carriers, which use the Persian Gulf don't hfrequently to connect to Asia, were sharp.