Last updated: 10:35 AM ET, Tue June 28 2016

Airline Shares Plummet on Brexit Fears: Airline Pulse News and Notes for June 28, 2016

Airlines & Airports | Josh Lew | June 28, 2016

Airline Shares Plummet on Brexit Fears: Airline Pulse News and Notes for June 28, 2016

Photo courtesy of Thinkstock

Legacy Carrier Shares Down on Brexit Fears
Shares of American, Delta and United are all down this week as investors worry how Brexit will affect the Big Three. Shares are now lower than they have been at any point since 2014. Not only do the carriers fly to the UK, but American and Delta have joint ventures with major British airlines (British Airways and Virgin Atlantic, respectively).

Egypt Enlists British Firm to Help with Airport Security
Flight bans have caused tourism numbers in Egypt to plummet. The country has now hired British security firm Restrata to create an aviation security program for all the country’s major airports, including Sharm el Sheikh, which is currently off limits to many European airlines.

Schumer Calls for More FAA Inspections in NY after Small Plane Crashes
Senator Charles Schumer has called on the FAA to increase the number of inspections of small aircraft at New York area airports after a series of small plane crashed on Long Island. The Senator claims that the number of inspections has dropped by 73 percent over the past decade.

VietJet Continues to Grow
Low-cost carrier VietJet has launched a low cost subsidiary, Thai VietJet Air. It will begin by taking over the routes that its parent company already flies between Thailand and Vietnam. VietJet made a deal with Boeing for 100 new aircraft. President Obama, who was in Vietnam last month, signed the contract himself.


Air Canada has confirmed an order for 30 Bombardier CSeries jets that was first announced in February. The planes will be delivered starting in 2019. 

JetBlue is working with the city of Detroit to get more kids to read this summer. The airline’s Soaring with Reading program will help install five vending machines in the Motor City. The vending machines will contain books, which will be free for people to take out. 

After restoring habitats around the airport and capturing and treating runway runoff before it is released into local waterways, SeaTac has earned a “salmon safe” designation from environmental group Stewardship Partners. 

U.S. Airlines are planning their first Cuba flights for early fall, but Panama’s Copa Airlines is continuing to add routes to Cuba right now. The airline will fly from Panama City to the city of Holguin twice per week. It already flies to Havana from Panama 46 times per week. 


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