Airline stocks experienced substantial losses, particularly United Airlines, which fell over 13pc yesterday amid tariff concerns.
Boeing share price was down 10pc and Airbus down 2.9pc yesterday. Boeing is down 12.1% since the beginning of the year. Shares in Ryanair, Boeing’s largest commercial customer in Europe, were down 2.5pc
Allegiant Travel Company faced a decline of more than 12pc, with its business largely reliant on leisure travel.
Airlines were already bracing for a rough spring. Delta Air Lines reduced its profit forecast for 2025 by 50pc, reflecting a worrying trend in consumer and corporate confidence.
Southwest Airlines introduced checked bag fees for the first time in response to softening revenue signals.
Experts warn that an economic slowdown may lead to fewer travel options as airlines are compelled to reduce flight availability.
Cruise stocks also tumbled: Carnival Corporation was down 13.69pc; Royal Caribbean Group down 11.17pc, Norwegian Cruise Line Holdings: down 16.36pc, Viking: down 8.65pc and Lindblad down 10.14pc.
