Stock Price Movements of China Airlines, EVA Air, EasyJet, and more Airline Companies

Just when the world thought things were getting back to normal after the huge COVID-19 dilemma, worries lurk again in the form of Omicron. Omicron is reportedly the variant of the Coronavirus that has started spreading across the globe.

So far several cases for Omicron-positive patients have been confirmed from all over the world. Once again, the world is worried about things going back to the same time as late and early 2020 & 2021.

While the entire world is getting ready to deal with the disaster, the airline companies have once again started feeling the pressure. It may be true that many airline companies are currently observing high stock price gains in recent days, but airlines facing negative trends are much more.

The world is now afraid that yet another pandemic may hit the entire world and the global economy may again crash. The airline companies are also afraid that international traveling bans may be implemented in near future. This is again going to be a huge disaster for the entire aviation sector alongside other local and international transportation sectors.

Among several airline companies experiencing huge losses in stock markets in the past 24-hours, the airline company with the worst performance is China Airlines.

According to the stock market data, China Airlines has lost 3.99% in stock price value in the past 24-hours. Due to the loss, China Airlines’ stock price has plummeted to $0.91 per share. Even the market valuation of China Airlines has plummeted to $5.23 billion. As of now, China Airlines ranks as the 24th largest airline company in the world.

According to the stock market data, EVA Air has lost 3.25% in stock price value in the past 24-hours. Due to the loss, EVA Air’s stock price has plummeted to $0.91 per share. Even the market valuation of EVA Air has plummeted to $4.69 billion. As of now, EVA Air ranks as the 25th largest airline company in the world.

According to the stock market data, EasyJet has lost 3.06% in stock price value in the past 24-hours. Due to the loss, EasyJet’s stock price has plummeted to $8.51 per share. Even the market valuation of EasyJet has plummeted to $6.44 billion. As of now, EasyJet ranks as the 22nd largest airline company in the world.

According to the stock market data, SkyWest has lost 3.04% in stock price value in the past 24-hours. Due to the loss, SkyWest’s stock price has plummeted to $40.21 per share. Even the market valuation of SkyWest has plummeted to $2.02 billion. As of now, SkyWest ranks as the 37th largest airline company in the world.

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