Airline Woes Hit Stocks in Worst Year Since 2008 CrisisBy
Troubles keep mounting for the world’s leading airlines. With the group already struggling with overcapacity and weakening global demand, Lufthansa AG and EasyJet Plc Thursday said terror threats could hurt profits, while Southwest Airlines Co. predicted airfare cuts will accelerate. The Bloomberg World Airlines Index tumbled 2.8 percent for a third straight loss. Down 18 percent this year, the group has posted the worst performance since 2008, trailing a 3.3 percent advance in global stocks.
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