Airlines stocks fall on fears of holiday terror attack
NEW YORK (AP) -- Shares of major airlines fell for the second straight day Tuesday, pushing a key industry gauge to its lowest point since the Sept. 11 terrorist attacks. |
In the absence of clear market-moving news, investors appear to have sold the group because of fears that the United States might become the target of another terror attack over the Independence Day weekend.
"People decided that there's some probability that something is going to happen over this holiday, and they are just not wanting to own the stock," said an airline analyst who declined to be named.
It will probably be nothing (again), but fear is what terrorism is all about.