Here's how Bernstein says to trade airline stocks, which are 'becoming a call on global recession'

A Boeing 777-222(ER) passenger plane belonging to the United Airlines taking off at Hong Kong International Airport on August 08 2018 in Hong Kong, Hong Kong.
Marcio Rodrigo | Getty Images

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Bernstein on Thursday cut its price targets across the board for airlines on Thursday, telling investors that declines go beyond the coronavirus outbreak as airline stocks are "becoming a call on global recession."

Shares of Delta AirlinesUnited Continental, American AirlinesSouthwest Airlines each slid about 4% or more in trading.