Frontier Airlines private equity owner sees good buys in industry turmoil

Airlines hit hard by the travel restrictions imposed as a result of the coronavirus pandemic may soon present buying opportunities for investors, the co-founder of the buyout firm that owns budget carrier Frontier Airlines said in an interview.

The NYSE Arca Airline Index has lost two-thirds of its value in the past four weeks, more than double the 30per cent drop in the S&P 500 Index, as investors fret about the impact of airlines grounding flights and placing thousands of workers on unpaid leave as air travel is sharply curtailed across the globe to try to stem the coronavirus outbreak."My personal point of view is that they're going to be some really good buys on publicly traded shares of airlines in Europe and the U.S.

While U.S. President Donald Trump's administration has discussed the possibility of providing financial aid to the airlines, it has so far resisted offering grants, as the industry would like.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Airline industry turmoil deepens as coronavirus pain spreadsAirline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of its 30,000 employees to take leave and India prepared a rescue ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

LVMH considering buying Tiffany's shares on open market: Bloomberg NewsFrench luxury goods maker LVMH , which last year agreed to buy Tiffany & Co for US$16.2 billion, is considering buying shares of the U.S. jeweler ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Airline industry may not survive without state aid: LufthansaLufthansa said that the airline industry may not survive without state aid if the coronavirus pandemic lasts for a long time, as it throws ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Asia stocks dive, dollar soars as ECB bazooka fails to ease fearsAsian equities took another beating Thursday while the dollar surged as a European Central Bank plan to spend more than $800 billion to buy bonds ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »