Early in the week, global airlines faced three scenarios when it came to the coronavirus—bad, really bad, and really really bad. It took just a few days—during which the outbreak was deemed a pandemic, stocks fell further, and several countries around the world restricted travel—to arrive at that really really bad scenario. And then, on Wednesday, President Trump announced the 30-day ban on foreign citizens traveling to the U.S. from 26 European countries. Analysts, investors, and airline CEOs are now left wondering just how bad things can get.
The...
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March 14, 2020 at 09:24PM
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Airline Stocks Get Rocked by Coronavirus. It Could Get Even Worse. - Barron's
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