The looming threat of a government shutdown could carry significant challenges for the travel industry, potentially resulting in daily losses nearing $140 million. The aviation sector is anticipated to be the hardest hit, with the possibility of essential workers being required to work without pay. Yahoo Finance Live is joined by Boyd Group International President Mike Boyd to discuss the implications for consumer travel and the challenges that may arise for the Federal Aviation Administration. "Overall, it's just going to accelerate a decline in the efficiency of our air transportation system... also issues of oversight of airlines, oversight of airports, oversight of manufacturers and components," Boyd says. "That's where the real sand might get into the works." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
In the latest trading session, United Airlines (UAL) closed at $42.94, marking a -0.3% move from the previous day.
Michael Leskinen has been appointed as the new CFO of United Airlines (UAL).