Airlines tumble on swine flu concern
April 27, 2009
Airline stocks tumbled worldwide on Monday, dragging a benchmark U.S. index to its biggest drop since 2001 on concern that the swine flu outbreak will damp travel demand. U.S. carriers reported some cases of suspected flulike symptoms to health authorities, the Air Transport Association trade group said, adding that details weren’t available. The U.S. Centers for Disease Control and Prevention recommended that nonessential travel to Mexico be avoided.
