News Formal

Frontier Airlines private equity owner sees good buys in industry turmoil

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Airlines hit hard by the travel restrictions imposed as a result of the coronavirus pandemic may soon present buying opportunities for investors, ...

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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 ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »

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 ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »

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 ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »

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 ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »