Attack in Brussels weighs on airlines, travel sites, hotels

AP News
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Posted: Mar 22, 2016 4:52 PM
Attack in Brussels weighs on airlines, travel sites, hotels

A ripple ran through the travel and lodging industry Tuesday following deadly attacks in Belgium that killed dozens of people at the Brussels airport and in the city's subway.

American Airlines, Delta and United Airlines cancelled or diverted all flights to and from Brussels, where the airport was closed.

Security was tightened across Europe, just four months after coordinated attacks in Paris killed 130 people. Air travel and hotel bookings in Paris dipped in the aftermath.

But apprehension about travel, at least Tuesday, was global.

"While the attacks took place in Brussels, it is likely to have an impact on European travel demand in general," said Raymond James analyst Savanthi Syth, in a note to clients. "The attacks come during peak Easter travel and ahead of peak summer travel."

Here's how stocks of travel companies fared in trading Tuesday:

AIRLINES:

— American Airlines Group Inc. fell 1.6 percent to $42.76.

— Delta Air Lines Inc. fell 1.5 percent to $49.39.

— United Continental Holdings Inc. fell 1.1 percent to $60.49.

— Air France KLM SA down 4 percent at 8.09 euros, or $9.07.

HOTEL CHAINS:

— Hilton Worldwide Holdings Inc. fell less than 1 percent to $22.28.

— Hyatt Hotels Corp. fell 2.1 percent to $48.80.

— Intercontinental Hotels Group PLC fell 2.7 percent to $39.63.

— Marriott International Inc. fell 1.9 percent to $70.92.

— Starwood Hotels & Resorts Worldwide Inc. fell less than 1 percent to $83.84.

TRAVEL WEBSITES AND AGENCIES:

— Expedia Inc. down 1.8 percent to $108.92.

— The Priceline Group Inc. down 2.3 percent to $1,319.41.

— Ctrip.com International Ltd. down less than 1 percent to $44.87.

— TripAdvisor Inc. down 2.5 percent to $64.04.

— Thomas Cook PLC down 4.3 percent to 88.55 pence, or $1.26.

FRANCE TO UK TRAIN TUNNEL OPERATOR:

— Groupe Eurotunnel SE down 3.8 percent to 9.63 euros, or $10.80.