US airlines hit biggest two-day drop in 3 years

Bloomberg

US airlines posted the biggest two-day drop in more than three years on deepening fears that the spread of the coronavirus will further stymie travel.
American Airlines Group Inc led the decline, tumbling the most on the S&P 500 and reaching the lowest since its 2013 merger with US Airways.
President Donald Trump’s administration is considering whether to adopt more restrictions on air travel because of the outbreak, White House economic adviser Larry Kudlow said.
“It’s under discussion,” Kudlow said.
“I’m going to wait on that. I don’t want to get ahead of my skis or their skis. It’s all under discussion. You have constant round-the-clock meetings going on around here in the White House. All the agencies are cooperating.”