SUBSCRIBERS
Investors on edge after 7.5% fall in August US airlines index
Published Wed, Sep 6, 2017 · 09:50 PM
Dallas, Texas
US AIRLINE investors, already absorbing the worst monthly stock performance in a year, are bracing for more disappointment.
A Standard & Poor's index of the five biggest US airlines plunged about 7.5 per cent in August, wiping out about US$10 billion in market value. Shares fell as a price war that started between United Continental Holdings Inc and heavy discounters spread to more carriers and markets.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources