Government Shutdown and Travel: What to Know About Flights, Passports and More
Published On Dec 20, 2024, 10:17 AM
The article discusses the potential impact of a government shutdown on holiday travel in the U.S. if Congress fails to reach an agreement. The TSA predicts that nearly 40 million passengers will travel between December 19 and January 2. Essential TSA employees will work without pay, raising concerns about possible staff shortages and long lines at airports. Additionally, adverse weather conditions may exacerbate travel disruptions during this busy period.
Stock Forecasts
AAL
Negative
The travel industry, specifically airlines, may face negative repercussions due to anticipated airport delays and longer wait times stemming from a government shutdown. This could deter travel during the peak holiday season, thereby impacting revenues for airline companies. Consumers may choose alternative modes of transportation or delay travel plans altogether if conditions worsen.
DAL
Negative
The uncertainty regarding travel plans and the expected government shutdown may cause a drop in stock prices for airline companies as investor sentiment shifts negatively. If the shutdown occurs and leads to substantial delays or cancellations, investor confidence will likely diminish, leading to a sell-off in airline stocks.
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