If the (our) industry reacts like this to a small plane hitting a skyscraper across the ocean in Milan...the industry needs help..big time. Walter DCA ----- Original Message ----- From: "W Wilson" <wlw-jr@att.net> To: <AIRLINE@LISTSERV.CUNY.EDU> Sent: Thursday, April 18, 2002 13:11 Subject: U.S. airline stocks extend losses on Milan crash > CHICAGO, April 18 (Reuters) - Shares of major U.S. airlines, already weaker > on Thursday due to reported first-quarter losses, extended declines in > midday trading on reports that a small plane crashed into the Pirelli > skyscraper in the financial center of Milan, Italy. > "The stocks are all taking a hit because of it," said one New York airline > analyst. "There's been a fear all along ... how would they hold up if there > was another tragic event?" > > The Sept. 11 attacks using hijacked commercial airliners sent prices of > major U.S. airline stocks down by half or more. > > The recovery since then in domestic and international travel has been slow > and incomplete, causing record losses for the U.S. industry that have now > totaled more than $10 billion. > > Shares of AMR Corp. (AMR) and UAL Corp. (UAL), the two largest U.S. > airlines, which each had two planes commandeered in the Sept. 11 attacks, > fell sharply along with the rest of the group. AMR, parent of American > Airlines, was down 4 percent to $22.66 and United Airlines parent UAL also > fell 4 percent to $14.80. > > > ©2002 Reuters Limited. >