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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 the alleged attack on a US plane to Detroit. 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.