Airline, hotel stocks fall on fear about new virus in China
Airline and hotel shares fell Tuesday as fear grew about a virus that authorities say has killed 6 people and sickened 300 more, including at least 1 person in the US. The outbreak of the new type of coronavirus is believed to have started in Wuhan in central China. No US airlines fly to Wuhan, but their Chinese partner airlines do, and some passengers transfer from Chinese carriers to American ones. Investors worried that the virus could spread beyond Asia, like the SARS outbreak in 2002 which killed more than 700 people and hurt travel between the US and Asia. Shares of Hawaiian Airlines' parent fell 5.5% Tuesday. United Airlines shares dropped 4.4%, American Airlines lost 4.2%, and Delta Air Lines declined 2.7%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-22/general/airline-hotel-stocks-fall-on-fear-about-new-virus-in-china
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Airline, hotel stocks fall on fear about new virus in China
Airline and hotel shares fell Tuesday as fear grew about a virus that authorities say has killed 6 people and sickened 300 more, including at least 1 person in the US. The outbreak of the new type of coronavirus is believed to have started in Wuhan in central China. No US airlines fly to Wuhan, but their Chinese partner airlines do, and some passengers transfer from Chinese carriers to American ones. Investors worried that the virus could spread beyond Asia, like the SARS outbreak in 2002 which killed more than 700 people and hurt travel between the US and Asia. Shares of Hawaiian Airlines' parent fell 5.5% Tuesday. United Airlines shares dropped 4.4%, American Airlines lost 4.2%, and Delta Air Lines declined 2.7%. <br/>
