Airline stocks look ready to travel skyward: BTIG
Airline stocks have struggled this year, as reflected in the sharp drop in the U.S. Global JETS ETF (NYSEARCA:JETS), but air carrier shares look set to move higher. So says BTIG’s Chief Market Technician Jonathan Krinsky in looking at (NYSEARCA:JETS) charts.
Travel stocks down after Delta cuts profit forecast
Travel stocks, including hotels, transport, and booking sites, have taken a tumble after Delta Air Lines slashed its profit forecast. Industry leaders such as Expedia, Booking.com and Airbnb saw their stocks fall by 8 per cent, 3 per cent and 4 per cent respectively yesterday US time.
Delta's warning spills over to other travel stocks
The Delta Air Lines warning of softening domestic demand spilled over into other travel stocks on Tuesday. "We expect U.S.-exposed travel names to be soft today, following Delta's Q1 warning around soft domestic demand,
Delta, Airbnb lead travel stock sell-off on consumer worries
NEW YORK] Travel stocks from airlines to cruise lines and online-booking sites are coming under pressure on Tuesday (Mar 11) after Delta Air Lines cut its profit forecast, deepening concern over weakening consumer demand and an economic slowdown.
Delta Air Lines stock falls, other airlines follow, as talk of a travel slowdown compounds economic fears
The airline said it expects soft demand in domestic air travel, adding to investor concerns after President Trump refused to rule out a recession. U.S. airline stocks are tumbling today after Delta Air Lines (NYSE: DAL) issued revised guidance for its first quarter.
Delta Air Lines’ Consumer Warning Hit Travel Stocks Hard. Here’s What’s Happening.
The Atlanta-based carrier said in a regulatory filing that it expects lower revenue growth for its March quarter.
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