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-0.000911544119637869 0.000442234275864028 -0.00136280358480506 -0.00226532251513977 0.00224727213653312 -0.00858295502748158 -0.000460284654470517 -0.00587539823647794
Stock impact report

Travel Sector pullback: What to do now? [Yahoo! Finance Canada]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
According to Barclays, "we sympathise with investors' risk-off approach in light of the macro uncertainty," but it remains "too early to tell" how the situation will unfold. The bank notes the downturn was triggered by negative comments from US carriers such as Delta and American Airlines (NASDAQ:AAL), which pointed to a slowdown in domestic business and leisure travel. Recession concerns have increased, impacting hotel stocks like InterContinental Hotels Group (IHG) and Accor (EPA:ACCP). "Concerns about a US recession are mounting and inevitably this is hurting IHG given its c60% US exposure but also Accor which only has 10% of sales from US but is always just as impacted on US recession fears," Barclays noted. While both companies provided reassuring commentary at Barclays' recent conference, the firm acknowledged that "there is very little forward visibility for hotels, so investors are rightly getting nervous that what the airlines are reflecting on today will manifest in Show less Read more
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