The eruption of a volcano in Iceland caused (and is still causing) major disruptions in air traffic over northern Europe. Many airlines have been affected and the industry is losing hundreds of millions each day.
FAA (click to receive alerts) is an ETF that tracks airlines:
FAA dropped over 3% in the last two days. However, FAA is made mostly of American airlines, which are no that overly by European traffic.
Airline traffic has been going up (reported by GE) and business travel has been coming back lately.
These are the top holdings and percentsges of the ETF:
| AMR Corporation Common Stock | AMR | 16.59 | ||
| Delta Air Lines Inc. (New) Comm | DAL | 15.85 | ||
| Continental Airlines, Inc. Comm | CAL | 15.17 | ||
| Southwest Airlines Company Comm | LUV | 14.64 | ||
| DEUTSCHE LUFTHANSA-REG | LHA | 4.63 | ||
| QUBSF | 4.55 | |||
| UAL Corporation | UAUA | 4.11 | ||
| 9202 | 3.91 | |||
| Alaska Air Group, Inc. Common S | ALK | 3.87 | ||
| C6L | 3.82 |
Lufthansa is the only European company in the top holdings.
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