Airlines, cruise lines get crushed
Optimism about pandemic trends led investors to bet in recent weeks on the parts of the stock market most exposed, including airlines, cruises and hotels. That trend is now reversing.
American Airlines (AAL) plunged more than 10% on Thursday, giving back a chunk of its stunning one-month spike of 68%. Spirit Airlines (SAVE) lost 15%, erasing some of its eye-popping surge of 84% in the month before that date.
Likewise, Royal Caribbean (RCL) and Carnival (CCL) fell double-digits on Thursday. Both had been up more than 49% over the prior month.
https://money.cnn.com/data/premarket/index.html
Travel sector strong resistance, page-13
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