S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

US suspends Chinese airline flights in COVID-19 dispute


Air China planes sit on the tarmac at Beijing Airport in Beijing, China on Aug. 20, 2009. The U.S. government is suspending 26 flights by Chinese airlines from the United States to China in a dispute over anti-virus controls after Beijing suspended flights by American carriers. (AP Photo/Greg Baker, File)

BEIJING (AP) — The U.S. government is suspending 26 flights by Chinese airlines from the United States to China in a dispute over anti-virus controls after Beijing suspended flights by American carriers.

The Department of Transportation on Thursday complained Beijing violated an air travel agreement and treated airlines unfairly under a system that requires them to suspend flights if passengers test positive for COVID-19.

U.S. regulators suspended seven flights by Air China Ltd. from New York City and a total of 19 flights from Los Angeles by Air China, China Eastern Airlines Ltd., China Southern Airlines Ltd. and Xiamen Airlines Ltd., according to the Department of Transportation.

It said that was equal to the number of flights United Airlines, American Airlines and Delta Air Lines were required to cancel under Beijing's “circuit-breaker” system.

The ruling Communist Party's “zero COVID” strategy aims to keep the virus out of China while other governments are shifting to living with the disease. That has kept case numbers low but disrupted travel, manufacturing and trade. Beijing is easing travel curbs, but most foreign visitors still are barred from China.

Until Aug. 7, if up to nine passengers on a flight tested positive, a carrier could suspend a flight for two weeks or reduce the passengers it carried to 40% of the possible total, according to DoT. It said that since Aug. 7 airlines have been required to suspend a flight if the number of positive tests reaches 4% of passengers on one flight.

The agency complained that airlines face “undue culpability” for passengers who present negative test results before boarding but test positive after arriving in China.

China’s actions are “premised on circumstances wholly outside of the carriers’ control,” the U.S. statement said.

“We reserve the right to take additional action” if Beijing imposes “further circuit-breaker measures,” the statement said.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
United Airlines (UAL)
4.9368 of 5 stars
$51.38-0.1%N/A6.35Moderate Buy$66.53
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