According to Bloomberg, Travel Industry on Edge as U.S. Visa Policy Upends Flight Plans – According to CNBC, Airlines laying off 12,000 employees worldwide. Also, cites full ground stop at JFK because of detrimental weather.
Airline Equities Topping Out:
LUV – Up 26.6% YTD
UAL – Up 23.3% YTD
More speculatively, ALK Up 50%, however there may be currency issues swallowing Virgin Atlantic because of the inflated Pound and the declining dollar.
LEA – Corporate budgets will be slashed for extraneous expenses and force their staff to take coach on regular airlines.
Dichotomy – EXPE down today despite airlines up.
Sponsored by Murrays Travel.
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