Not Everyone’s Happy to See Shorter Lines at Airports, as These Stocks Are Dropping
Clear Secure and car-rental stocks decline as airport lines shorten and travel delays ease.
Travelers fed up with long security and rental-car lines may soon have some relief, but investors in companies that profited from the chaos aren’t cheering. Clear Secure, the biometric service that lets people skip airport queues, and several car-rental firms saw their shares fall Friday as signs emerged that nightmare waits at U.S. airports are easing. The previously hot stocks had benefited from post-pandemic travel disruptions that drove demand for their services. Source: https://www.marketwatch.com/story/not-everyones-happy-to-see-shorter-lines-at-airports-as-these-stocks-are-dropping-aba7f08a?mod=mw_rss_topstories
MERIDIAN: For ordinary people this means less time stuck in airport lines and fewer travel headaches on your next trip, showing how quickly the post-pandemic travel frenzy is cooling off and changing what companies profit from.
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