Airline shares lower on Ebola fears
Global airline stocks fell sharply on Wednesday after the U.S. Centers for Disease Control and Prevention confirmed the first case of Ebola in the country.
“African travel isn’t a huge part of the travel industry, but it does seem like some parts of the industry are likely to be disrupted from this,” RiverPark Advisors’ Mitch Rubin told Reuters.
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Shares of Delta, Southwest, United Airlines, and Ryanair Holdings fell around 4 percent in early trading.
The NYSE Arca Airline index and the Dow Jones Transportation Average were both down more than 2 percent.
The Dow fell about 1 percent, with Boeing and United Technologies among the hardest hit, with declines of 2 percent and 1.7 percent, respectively.
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The CDC on Tuesday said the patient arrived in the U.S. from Liberia onSeptember 20th about four days before seeking medical care.
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