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Airline Stocks Plunge After Bomb Attacks In Brussels

The Huffington Post The Huffington Post 22/03/2016 Alexander C. Kaufman
ATHENA IMAGE © Mikhail Japaridze via Getty Images ATHENA IMAGE

NEW YORK -- Airline stocks plummeted around the world on Tuesday after deadly explosions ripped through a Brussels airport and train station.

In Europe, travel giant Thomas Cook Group -- which operates charter airlines out of Belgium, Scandinavia and the United Kingdom -- led the rout, falling more than 5 percent in the hours after the attacks that killed at least 34 people and injured more than 200. The explosions came after the only surviving suspect in last November's attacks in Paris was captured. 

Air France-KLM tailed closely behind, sinking 4.8 percent by mid-afternoon in Western Europe. France's publicly traded airport operator, Aeroports de Paris, the London-based International Consolidated Airlines Group, the German air giant Deutsche Lufthansa, the Irish low-cost airline Ryanair, the German airline travel giant TUI and the British low-cost carrier EasyJet also fell

As markets opened on Tuesday in the United States, traders awoke to images from Brussels on television screens and U.S.-based airline stocks also dipped. 

American Airlines fell nearly 3 percent in the first hour of trading.

Delta Air Lines fell about 2.6 percent.

JetBlue Airways, which doesn't travel outside the Western Hemisphere, actually rose slightly, to $20.06. 

United Continental Holdings, which owns United Airlines, fell nearly 2 percent.

All flights to and from Brussels were suspended and all public transportation in the city, the capital of the European Union, was shut down. 

This is a developing story and will be updated.


For additional coverage in French, visit Le Huffington Post and their live blog; for coverage in German, visit HuffPost Germany; for coverage in Spanish, visit HuffPost Spain; for coverage in Arabic, visit HuffPost Arabi.

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