Airline, Hotel Shares Plunge on Disappointing Rescue Plan

Airline, Hotel Shares Plunge on Disappointing Rescue Plan


Airline shares fell sharply Wednesday after the Trump Administration proposed providing assistance to the struggling industry in loans, rather than the direct cash infusion companies had requested.

Shares of major hotel chains including Hyatt Hotels Corp. and Marriott International Inc. also tumbled, down 19% and 15%, respectively, Wednesday, as the administration offered a much smaller rescue plan than the companies had discussed with President Trump one day earlier.



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