Delta Air Lines, Inc. (DAL)

STORY: Airline stocks extended losses on Tuesday as the U.S. and Israeli air war against Iran escalated...with carriers monitoring spiking fuel prices and canceling flights.Shares of Delta, United, American and JetBlue fell between 4.5% and 7%, with airlines across Asia and Europe also sliding.Tens of thousands of passengers were stranded in the Middle East and beyond, including at major hubs like Dubai, the world's busiest international airport.That's cost the airlines hundreds of millions of dollars in tourism and cargo revenue, said Paul Charles, CEO of The PC Agency, a luxury travel consultancy.“It's pretty well the biggest shutdown we've seen certainly since the COVID pandemic. The growth of the Middle East has been phenomenal in the last few years with people wanting to holiday there or move there or do business there and we've seen the enormous growth, of course, of the main hubs like Dubai, Doha and Abu Dhabi. So when they are shut down, it has a significant impact not only on holidaymakers and business travellers, but also on cargo. And that has a major impact on the supply chain overall.”Jamie Browne was among the first tourists from the UK able to leave Dubai after catching an early morning flight that landed in London's Heathrow airport on Tuesday. "It's been a tumultuous, traumatic time. And when you've got young children like this, it's just, you know, you hear an explosion that goes off above you. It's no way to live. And I feel really sorry for the people that are still out there. We're very lucky to be back home."Aviation data firm Cirium said over 19,000 flights to the Middle East have been canceled since Saturday, while Tourism Economics said the conflict could lead to a $34 billion to $56 billion drop in visitor spending in the region this year.

With most major airlines canceling flights into different Middle Eastern cities following the joint U.S.-Israeli strike on Iran on Feb. 28 into the start of March, the entire region is grappling with severe disruptions to travel amid widespread airspace closures and continuous risks of airstrikes. ...

The U.S. government is urging Americans stranded in the Middle East to get home via commercial means. That’s easier said than done.

SKYW boosts its fleet with major airline deals and supports shareholders through a $250 million expanded repurchase plan.

Companies in The News Are: DAL, LMT, CCL, VG

Airline stocks were among Monday's biggest losers, and their declines are poised to continue on Tuesday, data shows.

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