The International Brotherhood of Teamsters is launching a new billboard campaign targeting United Airlines for outsourcing aircraft maintenance to China and other foreign countries.
Airline stocks have been hit particularly hard in the past week, as Wall Street has grown increasingly worried that President Donald Trump's ramped-up tariffs will cause a lot more problems than just trade friction.
Shares in United Airlines (UAL -15.62%) fell by 14.2% in the week to Friday morning. The decline came in a tumultuous week for the markets, driven by the tariff actions announced by the U.S. administration.
The U.S. Federal Aviation Administration on Thursday said it will investigate after the crew on a United Airlines-operated Boeing 737 flight from Florida to Newark airport reported a fire in the cabin.
Travel stocks slumped after President Trump's latest round of tariffs fueled concerns about less spending by Americans and reduced international travel.
Airlines are likely not the first industry that comes to mind when discussing tariff impacts, but the sector is down big following Wednesday's broad tariff announcement.
Airlines have been in a flat spin recently, due to macroeconomic turmoil. Certain airlines are growing despite the market outlook, and have advantages in certain areas, including valuations and efficiency. The full-year outlook is broadly unchanged for the market demand-wise, with load factors increasing YoY despite RPK decreases.
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