Airline alarms are more dire than Big Tech buzz

Ladies and gentlemen, we have begun our economic descent. Southwest Airlines on Tuesday followed rival Delta Air Lines in warning that its first-quarter financial results would be worse than originally anticipated. Increasingly nervous investors have already sent U.S. markets tumbling as they bail out of technology stocks. Although that’s probably a sensible check on exuberant valuations, the news from U.S. carriers is a more worrying sign of genuine distress.Read More