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Sector Snap: Titanium Makers Fall On Airline Ills

Stock quotes in this article: CRS , TIE  

NEW YORK (AP) — Shares of titanium producers slumped Monday after the head of the world's largest airline association warned that the industry will lose $9 billion this year.

Speaking at the annual meeting Monday of the International Air Transport Association, the group's chief executive Giovanni Bisignani warned that "rising oil prices anticipating recovery are a great risk. Greedy speculation must not hold the global economy hostage. Failure to act by governments would be irresponsible."

IATA represents hundreds of airlines around the world. ...

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