Airline shares tumble with swine flu outbreak

April 28: Already suffering from the fallout of the global economic crisis, airlines took a battering on the stock markets as the outbreak of swine flu sparks speculation of a worldwide pandemic.
With travel restrictions starting to be implemented on long-haul routes, share values of many of the major airlines dipped by up to 16 points. British Airways recorded an 8% drop in value, while Lufthansa was similarly affected at 9%. The only good news for the airline industry is that oil prices fell, with fears that the flu epidemic could further damage chances of economic recovery in the short term.