Airline Stocks Have Gotten Rocked by Coronavirus….
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….