US travel-related shares tumble as airline forecasts fuel concerns

Hertz Global Holdings

11/03/2025 17:07

** Shares of travel-related companies are falling and underperforming the broader market Tues after slashed forecasts from Delta Air Lines DAL.N and other airlines fueled concern about the impact of a weaker economy on travel spending

** Among shares of resorts and big travel destinations, Walt Disney DIS.N is down 4.4%; Las Vegas Sands LVS.N is down 2%; and Wynn Resorts WYNN.O is down 2.1%

** Hotel shares also are taking a hit, with Marriott International MAR.O down 4.1%

** Car rental co shares also are down sharply, with Avis Budget CAR.O down 11.6% and Hertz Global Holdings HTZ.O falling 7.6%, while ride-sharing firms Uber Technologies UBER.N and Lyft Inc LYFT.O 2.2% and 0.8%, respectively

** Also, shares of cruise operator Viking Holdings VIK.N, which reported qrtrly results earlier Tues including rev just above expectations, are down 6.3%, while Royal Caribbean Cruises RCL.N shares are down 0.9%

** Among other travel-related shares: Airbnb ABNB.O is down 3.9%, while Booking Holdings BKNG.O is off 1.7%

** By contrast, the S&P 500 .SPX is down 1.3% on the day

** U.S. recession worries have increased as the Trump administration has cut thousands of government jobs and announced myriad tariffs

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))