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The Extreme Distress of Airline Stocks as Shown in Three Charts

Airlines are arguably among the hardest hit sectors in the global coronavirus pandemic as they are highly exposed to travel restrictions and have a strong correlation to the state of the overall economy.

Earlier this week, multiple U.S. airlines said they would cut capacity and withdrew their forecasts for the year. Then matters took a worse turn Wednesday when U.S. President Donald Trump said he will significantly restrict travel from Europe for the next 30 days. Meanwhile, cities and companies have continued to encourage working remotely and conferences, entertainment and sporting events have been shut down.