Tesla’s huge brand damage, Walmart’s manager pay, Target follows Costco: Business news roundup

Airline stocks suffered steep losses Thursday as shareholders contemplated the impact of tariffs on travel.

United Airlines (UAL) led the sector’s stocks in losses, cratering over 13% in midday trading. Allegiant Travel Company (ALGT) was not far behind, falling more than 12%. Allegiant’s business is heavily dependent on leisure travel, which experts fear may see a drop as consumers cut back. Sun Country Airlines and Frontier Airlines also depend on the leisure segment, and both saw their stock sink more than 10% midday.

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