Quote:
Originally Posted by Acey
My point was that 2009 was obviously a more volatile time for airlines; many were doubting whether the initial drop could even be attributed to the guitar song (which is quite catchy by the way, check it out if you haven't heard it) |
Gotcha. I don't really think the song did much of anything to the stock price that was already sinking for the reason you mentioned. I was just mentioning it as it's pointed out as a reason they lost $280 mil in stock value.
This time it might have an actual effect though long term trends tended to have the stock overvalued and looking to drop to $60 per share or so already. This may hasten that which isn't a good thing as a rapid decline can be harder to stop.
What saves them is the way airports are always a hub for one of the 4 major carriers. You want to fly out of Dallas your best bet is American. St. Paul you take Delta etc. Choices are limited without going to different airports or limiting options.