Travel stocks sink after thousands of flights are grounded
A display board shows canceled flights to Dubai and Doha while regional airspace is closed at Noi Bai International Airport, amid the US-Israel conflict with Iran, on March 2, 2026 in Hanoi, Vietnam. Photo taken by mobile phone.
Thinh Nguyen | Reuters
Airline and travel stocks fell on Monday after the entire airport was shut down Middle East Carriers were forced to cancel thousands flightsInterrupting trips to Brazil and the Philippines. Oil prices Also increased, the largest cost increase for airlines since labor.
United AirlinesUS carriers, which have the most international exposure, were down 6% in premarket trading. Service to Tel Aviv, Israel, one of the airline’s most profitable routes, was halted, but airlines were also forced to halt flights to Dubai in the United Arab Emirates, one of the world’s busiest airport hubs. Dubai is also the home base of the airline Emirates.
shares of Delta Air Lines And American Airlines Each is about 6% off. Flights to the Middle East, including destinations such as Tel Aviv, were suspended.
Another 1,560 flights were canceled in the Middle East on Monday, aviation data firm Serium said.
Like other carriers Southwest AirlinesIn what is more US-focused, stocks had smaller moves, but shares still fell as investors assessed a rise in oil prices.
Norwegian Cruise Line HoldingsThe stock, whose stock fell 7% in premarket trading, said on Monday’s earnings call that it has hedged 51% of its fuel costs this year and 27% for next year.
International travel There is a bright spot in the travel sector. In January, demand for international air travel rose 5.9% from a year ago, while demand for domestic flights was almost flat, the International Air Transport Association said in a report on Monday.
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