The DJIA is down 241 as I post
Posted on 10/01/2014 11:01:34 AM PDT by blam
Elena Holodny
October 1, 2014
Shares of several major airline companies were trading lower on Wednesday morning after the CDC on Tuesday night confirmed the first case of Ebola in the US.
On Twitter, CNBC's Carl Quintanilla said that traders were blaming Ebola worries on the drop, as CDC officials said the Ebola patient flew from Liberia to Dallas.
On Wednesday morning, shares of Delta, Southwest, United, and American Airlines were all lower. Delta was leading losses, falling as much as 4% while Southwest shares were also weak, falling as much as 3%.
Airline peers United and American were also down about 3%, while the S&P 500 was down 0.5%.
Here's a chart of the decline in Delta this morning:
(snip)
(Excerpt) Read more at businessinsider.com ...
The DJIA is down 241 as I post
Yeah, it makes some sense to factor in the possibility of partial route closures and quarantines. And, if things get really bad, people will cut down the domestic flying as well. Would you fly a plane where it was known that someone had come down with ebola and projectile vomited all over the seats? It would take a lot of convincing to make people believe the decontamination was effective.
Yikes !!!!!!
I cashed out 2 months ago.
.
I read in one of Jim Collin’s books that companies that point fingers outside of their organization are usually in denial of their own problems.
According to one analyst, the entire industry over the past 40 years has lost money overall. While some airlines have made profits for some periods of time, it’s always been a difficult business. I am surprised that stockholders remain so eternally optimistic.
I wonder how many are bailing out of Africa and flying overhead right this moment....
Next stop Seattle, Houston, Boston, NY, Chicago, LA, Miami....
Ebola Airlines boarding now to USA..
But now it is a great time to buy!!!
The SOBs running these airlines and transporting people into the the U.S. from Africa should be pulled from their offices, arrested and prosecuted for multiple charges...
I am sure there was no danger to other passengers on this man’s flight from “Liberia to Dallas” (a flight which doesn’t exist) but the CDC should be forthright with what they do know.
One of my friends cancelled her trip to Dallas for next week when she heard about this. She’s going to use WebEx instead.
Based just on the forecasts that I've seen, two weeks ago I asked my son to consider cancelling his plans to come here for Christmas.
He called me 'Dr Doom'. LOL. He usually connects from LA through Dallas or Houston. We'll see.
I know that, if I was in the Airline industry, I’d be close to frantic. Have any airlines actually planned for something like this? If they have, it’s probably been minimal. They have such a small margin in the best of times that their ability to be proactive is limited. The best thing they could do now is not fly into West Africa and not accept transfer passengers. That’s a big hit they may not feel they can take. It would be the right thing though.
If you’re an airline and HAVEN’T taken maximum security precautions, you’re liable infinitely.
LOL!
Black Swan event. Time to cash out and bug out.
And our gov’t would give every single one of them an ID card and asylum to stay here—just insure that they infect as many gringo Americans as possible. Oh and don’t forget to vote Democrat come election time!
I guess just avoid the ones with spit ,vomit or blood stains on the headrest.
(No known regulations on standards for cleaning planes )
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