U.S. airline stocks continued to decline Monday as the coronavirus
Shortly after noon Eastern time, American Airlines’ stock
was down 5.2% for the day and 9% since closing last Thursday.
United shares were down 4.5% for the day and 7.8% since
Thursday’s close, and Delta was down 3.4% Monday and 5.8% since Thursday’s
Hawaiian, which no longer serves China but does have a
substantial network in the Asia-Pacific region, was down 4.4% on Monday.
The coronavirus, which appeared last month in the central
Chinese city of Wuhan, has thus far killed 82 people and authorities have
confirmed 2,800 cases, according to CNN. The Centers for Disease Control and
Prevention (CDC) has confirmed five cases involving travelers who arrived in
the U.S. from Wuhan -- two in California and one each in Arizona, Washington
The outbreak has led Chinese authorities to place 15 central
China cities with a combined population of nearly 60 million people under
partial or full lockdown. The Wuhan airport has also been closed.
The CDC is screening travelers from Wuhan at Chicago O’Hare,
New York JFK, Atlanta, Los Angeles and San Francisco airports.
China Southern, with flights to San Francisco and JFK, is
the only carrier that was providing nonstop service between Wuhan and the U.S.
prior to the airport closure. The carrier codeshares with American.
American and United are both offering refunds on booking to
and from Wuhan. American, United and Delta have waived change fees on bookings
to other Chinese destinations.
Historically, travel from Wuhan to the U.S. has been modest,
according to the flight data analytics company OAG. During the first quarter of
2019, 13,267 people flew either nonstop or indirect from Wuhan to the U.S. At
the time, San Francisco was the only nonstop destination. China Southern added
Wuhan-New York flights last summer.