Airline stocks are falling in Wednesday's US stock market trading in the wake of United Continental announcing on Tuesday evening that they will increase capacity.
The plan is to increase capacity over the next three years, which analysts believe could trigger a price war that will lower margins for the entire industry.
This is reported by Bloomberg News.
United Continental is down 11.5 percent, while competitors Delta Airlines and American Airlines are down 6.2 and 7.5 percent, respectively.
Source:direkt.se
