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Stock impact report

Luxury brands book sales drop as Mideast war takes toll on airport shopping [Yahoo! Finance]

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Company Research Source: Yahoo! Finance
premium perfumes and spirits to big spenders are feeling the pinch as conflict in the Middle East shuts airports and curbs travel to the ?region, a setback likely to become more acute as the war drags on. The disruption now in its sixth week exposes a vulnerability for ?luxury and beauty groups that have relied on airport shopping and Gulf hubs - among their highest-margin channels - to offset weaker demand in China and Europe, making even short-term airport closure a potential ?drag on quarterly profit. Analysts have said a prolonged slump in Middle East air traffic could compound pressure on a travel-retail industry still recovering from the COVID-19 pandemic, squeezing underperforming businesses such as LVMH's DFS and weighing on prestige beauty and luxury firms including Estee Lauder, Puig and L'Oreal. International flights to and from the Middle East plummeted in the first half of March. While some airlines in the United Arab Emirates are slowly restarting, flights remain w Show less Read more
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