Day: November 27, 2020

Travel stocks are vulnerable Thanksgiving week, with CDC warning

The travel trade is in trouble.

Airline, hotel and cruise line stocks slid on Friday ahead of Thanksgiving week after the CDC issued a warning on traveling for the holiday amid climbing Covid case counts.

Expedia data released before the CDC’s announcement showed 60% of U.S. consumers said they would not be traveling for Thanksgiving. Those who will travel will go an average of 250 miles away from home, down from 450 miles a year ago, the data revealed.

Travel stocks’ road to recovery will likely be a bumpy ride, according o Boris Schlossberg, managing director of FX strategy at

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