Travel stocks saw a reversal late Monday after President Trump’s comments about the US being close to completing its war in Iran. Shares of American Airlines fell earlier in the day due to a downgrade, continuing its month-long decline. However, some travel stocks rebounded, including Carnival and Norwegian Cruise Lines.
The Middle East conflicts and rising oil prices led to a surge in shares selling on Wall Street. The US Department of Transportation warned about safety concerns for certain destinations, further affecting travelers’ confidence. Despite this, Viking Cruises stock cleared its buy point after reporting strong Q4 results and capacity growth.
Source: https://www.investors.com/news/american-airlines-downgrade-airlines-existential-threat-iran-analyst-aal-stock-dal-ual