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Trump’s Travel Ban Hits Airlines

The airlines industry continued to fall Monday as investors feared protests over President’s Trump recent travel ban could curb demand for flights and potentially lead to more travel restrictions. The NYSE Arca Airline Index dropped 1.78 percent to close at 108.48. The Index has fallen approximately 5.03 percent since December 20th, when it closed at nearly a 15 year high.

“Should you see it spread or more stringent restrictions on travel into the U.S. be enforced, that’s the concern,” said Joe DeNardi, an analyst with Stifel Financial Corp., in an interview according to Bloomberg.

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