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CEA - Why Ryanair And EasyJet Are Taking A Hit On COVID-19
China Eastern Airlines Corporation Ltd.
The 24thof February was a hectic day on the financial markets, marking the worst day in nearly two years, with the Dow Jones sinking more than 1,000 points. Without a doubt, the decline was due to the concerns over the COVID-19 spreading outside of China, most notably in Iran, South Korea and Italy. In this report, we have a look at why two airlines are getting hammered in particular.
Source: Airways Magazine
At the moment it's not a good moment to be a shareholder of an airline. For 2019, I already wasn’t particularly