ULCC - Travel stocks slump as Omicron worries cut into recovery timeline

Travel stocks are lower on concerns that the rapid rise of Omicron COVID cases in the U.S. could lead to tighter restrictions in some regions and cut into travel demand. Some hospital administrators have issued warnings on potential strains on resources due to the anticipated surge in admissions. The anxious trading in the travel sector is taking place even though Bank of America reports that U.S. domestic bookings trends for airline tickets were still solid through December 12, including corporate travel. Investors are hoping that 2022 is a year of impressive recovery for corporate travel. Decliners in the premarket session include American Airlines (NASDAQ:AAL) -2.50%, Delta Airlines (NYSE:DAL) -2.60%, Southwest Airlines (NYSE:LUV) -2.44%, United Airlines (NASDAQ:UAL) -2.40%, JetBlue (NASDAQ:JBLU) -2.35%, Hawaiian Holdings (NASDAQ:HA) -2.22%, Alaska Air Group (NYSE:ALK) -2.16%, Allegiant Travel (NASDAQ:ALGT) -0.15%, Spirit Airlines (NYSE:SAVE) -2.90% and Mesa Airlines (NASDAQ:MESA) -0.88%. SkyWest (NASDAQ:SKYW) is an outlier with a +1.05% gain, while

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Travel stocks slump as Omicron worries cut into recovery timeline