share_log
  • Headlines
  • Omicron variant pulls down travel stocks Monday morning

Omicron variant pulls down travel stocks Monday morning

Dow Jones Newswires ·  Dec 27, 2021 12:52  · Markets

By Matt Grossman

Airline stocks were lower in premarket trading Monday after many flights were canceled over the Christmas weekend amid coronavirus woes.

$United Airlines(UAL.US)$ shares were 2.9% lower, while $American Airlines(AAL.US)$ stock and $Delta Air Lines(DAL.US)$ stock both traded down 2% in premarket activity. $Southwest Airlines(LUV.US)$ lost 1.5%.

As the Omicron variant spread, airlines canceled more than 2,000 flights over the Christmas weekend.

The companies' workforces have been stretched by mandatory quarantines as workers test positive. Airline executives have asked the Centers for Disease Control and Prevention to shorten the quarantine period.

Cruise stocks also fell as investors worried about the variant's impact on their operations. $Carnival(CCL.US)$ lost 2.8% while $Royal Caribbean(RCL.US)$ declined by 2.1%.

Write to Matt Grossman at matt.grossman@wsj.com

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
3
Comment Comment · Views 1496

Recommended

Write a comment
Related Stocks Related Stocks
Symbol Mini Chart Price
NextTrip
NTRP
5.240
Inspirato
ISPO
4.5000
Airbnb
ABNB
128.800
Vacasa
VCSA
5.4900
Norwegian Cruise
NCLH
20.400
Log In for the Full List
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Discussing
Chinese stock earnings surge: Will profit sustain the rally?
1. Which sectors are likely to be market highlights this season? 2. With the government's emphasis on technological innovation and sustaina Show More
Can strong earnings reports drive Chinese concept stocks to continue rising?
77%
23%
Bullish
Bearish
1476 votes
China's Two Sessions: Key Takeaways on Stock Price Movements Before and After the Meetings
On Tuesday, China's political leadership is convening at the Great Hall of the People in Beijing for the year's most significant event, known as the "Two Sessions." These closed-door meetings are the annual plenary sessions of both the National People's Congress and the Chinese People's Political Consultative Conference, typically held simultaneously in March. The sessions generally last for about ten days....