Originally Posted by
Elvis90
What's the deal with the 5% stock drop for DAL today? I assume investors are reacting to the Boeing deal...I think it's a reasonable, conservative business decision. Most airline stocks are around 1% down today.
On Thursday August 25, 2011, 3:58 pm
NEW YORK (AP) -- The threat of a hurricane shutting down air traffic at many of the U.S. East Coast's busiest airports sent airlines stocks sharply lower on Thursday.
Airlines began to cancel flights and get planes out of harm's way as Hurricane Irene barreled toward North Carolina on a path that will also take it to New Jersey and New York and into New England.
The storm is likely to cause the cancellation of hundreds of flights through this weekend at New York's JFK and LaGuardia, New Jersey's Newark Liberty International and other major airports in the East. The resulting delays could ripple across the country.
Shares of Delta Air Lines Inc. fell 42 cents, or 5.8 percent, to $6.83. The airline's main hub is in Atlanta, but it has extensive operations in New York and Washington. JetBlue Airways Corp. is based at JFK; its shares dropped 7.4 percent to $3.97. Shares of AMR Corp., the parent of American Airlines, fell more than 3 percent while US Airways declined more than 4 percent.
Airline stocks drop as Irene threatens East Coast - Yahoo! Finance
This system will cost us some money at the tail end of the Summer travel season....as for me, I'm just waiting for Crew Skeds to give me shortcall on Sunday and expect me to commute in to sit through a CAT II hurricane in my palatial Queens crashpad while the city's low lying areas are being evacuated. There will be absolutely no flying in or out of NYC that could be covered by reserves and I'm trying to think of the kindest way to tell them to pound sand in advance.