(AAL), (BKNG) – 2 Travel Stocks To Watch That Reached New Highs In 2020 (And No, They Aren’t Airline Or Cruise Stocks)

While some may consider these consumer discretionaries as “epicenter stocks,” it’s safe to say that there’s a much more specific focus on travel stocks as a whole of late. A bucket of cold water was thrown onto travel and leisure stocks during the first quarter of the year. Everything from airline stocks to cruise stocks, hotels, and casinos; all were hit hard by the restrictions brought by the coronavirus pandemic. Obviously, this extended into all areas of this space including restaurants, night clubs, and, of course, car rental stocks. 

Year-to-date, Delta Air Lines Inc (NYSE: DAL) is still down 30%, American Airlines Group Inc (NASDAQ: AAL) is down 49%, and United Airlines Holdings Inc (NASDAQ: UAL) is down 51%. While these might’ve recovered since March, there’s still quite a long way to go. 

Will Vaccine Hopes Outweigh Coronavirus Concerns?

That also goes for many of

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American Airlines To Chop 19,000 Jobs Amid Travel Slump

AAL) notified employees in a memo Tuesday that it plans to eliminate 19,000 jobs on Oct. 1, unless Congress renews the emergency coronavirus assistance that helped airlines retain staff for the past six months.” data-reactid=”19″American Airlines Group, Inc. (NASDAQ: AAL) notified employees in a memo Tuesday that it plans to eliminate 19,000 jobs on Oct. 1, unless Congress renews the emergency coronavirus assistance that helped airlines retain staff for the past six months.

DAL) indicated involuntary separations are coming for 1,941 pilots, according to Reuters.” data-reactid=”20″The news comes a day after Delta Air Lines, Inc. (NYSE: DAL) indicated involuntary separations are coming for 1,941 pilots, according to Reuters.

Airlines, struggling to survive, are transforming into much smaller organizations with passenger travel not expected to fully bounce back until 2024 and lucrative international

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‘Travel has changed forever’: Airbnb CEO Brian Chesky

Billionaire Airbnb Co-founder and CEO Brian Chesky told Yahoo Finance that the coronavirus outbreak has permanently altered travel preferences across the globe in ways that will shape the hospitality industry going forward.

“Travel has changed forever,” says Chesky, whose company suffered hundreds of millions in losses and laid off a quarter of its staff in the aftermath of the outbreak. “The world of travel as we knew it in January is never coming back.”

“I feel very confident about that,” he tells Yahoo Finance Editor-in-Chief Andy Serwer during a special All Markets Summit Extra: Road to Recovery on Tuesday.

Zoom meetings have largely replaced business travel, and leisure trips have shifted away from metropolitan areas toward easily accessible rural locations, he said.

“People are saying they do want to get out of the house, regardless what country they’re in,” Chesky says. “But they aren’t right now super comfortable getting on

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Travel & Leisure ETFs Jump on Vaccine Optimism

The development in the potential coronavirus vaccine has infused strong optimism into the broader markets. This is especially true, as Moderna Inc. MRNA has inched closer to a vaccine following promising early data (read: Moderna Inches Closer to Coronavirus Vaccine: ETFs to Shine).

The data demonstrates that vaccination with mRNA-1273 elicits a robust immune response across all dose levels as it produced neutralizing antibodies in all 45 patients. In the trial, each participant received a 25, 100 or 250 microgram dose, with 15 people in each dose group. Participants received two doses of the potential vaccine. The positive result has pushed the vaccine into the phase 3 trial, which is slated to start on Jul 27. The trial will enroll 30,000 participants across 87 locations, according to ClinicalTrials.gov. Participants in the experimental arm will receive a 100 microgram dose of the potential vaccine on the first day and another dose

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