Hurricane Milton Closes Multiple Florida Airports, Over 3,000 Flights Canceled And Delayed: 10 Airline Stocks That Could Be Hit Hardest
Portfolio Pulse from Chris Katje
Hurricane Milton has caused significant disruptions in Florida, closing multiple airports and leading to over 3,000 flight cancellations. Major airlines like Southwest, Spirit, Delta, JetBlue, Frontier, American, and United are expected to be heavily impacted. The U.S. Global Jets ETF may also experience volatility due to the situation.
October 10, 2024 | 4:02 pm
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American Airlines, with a 9% market share at Orlando Airport, could face disruptions due to the hurricane's impact on Florida airports.
American Airlines is a major operator at Orlando Airport, which is closed due to the hurricane, likely leading to financial impacts from flight cancellations.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Allegiant Travel Company, a large operator at Florida airports, may face some impact from the hurricane, though less than other airlines.
Allegiant Travel is a large operator at Florida airports, but the impact may be less severe compared to airlines with higher market shares at the affected airports.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Delta Air Lines, with a 12% market share at Orlando Airport, is expected to face disruptions from the hurricane's impact on Florida airports.
Delta Air Lines is a significant operator at Orlando Airport, which is closed due to the hurricane, likely leading to financial impacts from flight cancellations.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
JetBlue Airways, with an 11% market share at Orlando Airport, could face disruptions due to the hurricane's impact on Florida airports.
JetBlue Airways is a major operator at Orlando Airport, which is closed due to the hurricane, likely leading to financial impacts from flight cancellations.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The U.S. Global Jets ETF, which tracks the airline sector, could experience volatility due to the widespread impact of Hurricane Milton on Florida airports.
The U.S. Global Jets ETF includes major airlines affected by the hurricane, leading to potential volatility in the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Southwest Airlines, with a 25% market share at Orlando Airport, is likely to face significant disruptions due to Hurricane Milton's impact on Florida airports.
Southwest Airlines has the largest market share at Orlando Airport, which is heavily impacted by the hurricane, leading to potential financial losses from cancellations and delays.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Spirit Airlines, holding a 14% market share at Orlando Airport, could be significantly affected by the hurricane, especially given its reported exploration of bankruptcy.
Spirit Airlines is a major operator at Orlando Airport, which is closed due to the hurricane. The financial strain from cancellations could exacerbate existing bankruptcy concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Sun Country Airlines Holdings, a large operator at Florida airports, may face some impact from the hurricane, though less than other airlines.
Sun Country Airlines is a large operator at Florida airports, but the impact may be less severe compared to airlines with higher market shares at the affected airports.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
United Airlines, with a 7% market share at Orlando Airport, is expected to face disruptions from the hurricane's impact on Florida airports.
United Airlines is a significant operator at Orlando Airport, which is closed due to the hurricane, likely leading to financial impacts from flight cancellations.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Frontier Group Holdings, with a 10% market share at Orlando Airport, is likely to be affected by the hurricane's impact on Florida airports.
Frontier Group Holdings is a significant operator at Orlando Airport, which is closed due to the hurricane, likely leading to financial impacts from flight cancellations.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70