Travel stocks rise after US-Iran deal to end war
BUZZ-Travel stocks rise after US-Iran deal to end war ** U.S. travel-related stocks rise in premarket trading after Washington and Tehran agreed to halt the war and reopen the Strait of Hormuz, easing concerns over oil-related costs
** Cruise operators Norwegian Cruise Line NCLH.N and Royal Caribbean RCL.N up about 4%, while Carnival Corp CCL.N up 3%
** The conflict has disrupted global flight routes and shut key Middle Eastern hubs, while also pushing oil prices up, casting gloom on the sector
** Among other travel-related shares, Airbnb ABNB.O, Expedia EXPE.O and Tripadvisor TRIP.O up 1% each, while Booking Holdings BKNG.O up 2%
** U.S. airline stocks also rose in premarket trade following the truce
(Reporting by Neil J Kanatt in Bengaluru)
Recent news on Airbnb
See all newsAirbnb must face Los Angeles lawsuit alleging price gouging during 2025 wildfires (updated)
Airbnb must face Los Angeles lawsuit alleging price gouging during 2025 wildfires
U.S. STOCKS ON THE MOVE-Datadog, Terawulf, Paychex
U.S. STOCKS ON THE MOVE-Datadog, Terawulf
American Express to buy Tripadvisor's restaurant booking unit in $700 million deal (updated)