UPDATE: White House Aviation Call Seen as 'Non-Event' - Bloomberg, Citing Credit Suisse (AAL) (DAL) (UAL) (LUV)
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(Updated - October 18, 2016 3:40 PM EDT)
(Updated - October 18, 2016 2:08 PM EDT)
Intraday weakness in Virgin America (NASDAQ: VA) Tuesday was tied to speculation about the White House's plans to hold a call to discuss airline competition today, according to Bloomberg. A few other airlines also saw weakness, including Delta Air Lines (NYSE: DAL), United Airlines (NYSE: UAL), American Airlines (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV).
A White House administration official had said the aviation-related call was about consumer protection.
In the view of Credit Suisse analyst Julie Yates, the airline call is a "non-event" and will be about fee disclosure/transparency and access for consumers with disabilities.
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