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Security fears hit airline shares | Security fears hit airline shares |
(10 minutes later) | |
Shares in US airlines fell on Monday following the alleged attack on a US plane to Detroit. | |
Shares in Delta Air Lines were down 2.9% in early trading while AMR, parent of American Airlines, saw its shares fall 2.7%. | Shares in Delta Air Lines were down 2.9% in early trading while AMR, parent of American Airlines, saw its shares fall 2.7%. |
Experts have warned that renewed terror concerns and potentially tighter airport security measures could depress business travel demand. | Experts have warned that renewed terror concerns and potentially tighter airport security measures could depress business travel demand. |
Transatlantic business travel has been hit hard by the global recession. | Transatlantic business travel has been hit hard by the global recession. |
The airline business also suffered badly after the terrorist attacks of 11 September 2001. | The airline business also suffered badly after the terrorist attacks of 11 September 2001. |
They lead to a big drop in the number of passengers flying and a huge increase in security costs. | They lead to a big drop in the number of passengers flying and a huge increase in security costs. |
Billions of dollars have since been spent on aviation security. | Billions of dollars have since been spent on aviation security. |
Falls in shares were seen across many airlines in the first day of trading since the suspected terrorist plot was uncovered. | Falls in shares were seen across many airlines in the first day of trading since the suspected terrorist plot was uncovered. |
Shares of UAL Corp, parent of United Airlines, were down 3.06% at $12.69 this morning. Shares of US Airways Group were down 2.8% at $5.23. | Shares of UAL Corp, parent of United Airlines, were down 3.06% at $12.69 this morning. Shares of US Airways Group were down 2.8% at $5.23. |