Booking Holdings Inc. and Expedia Group Inc., including Booking Holdings Inc., fell the most since the earliest days of the Covid 19 flu because of concerns about a new, heavily-mutated variant of the virus.
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Expedia fell by 11.9%, the most since March 2020, and placed it among the 10 worst performing stocks in the S&P 500 Friday, according to data compiled by Bloomberg. Booking fell as much as 9.6%.
Fears of the variant, known as B. Pressure on travel and airline stocks was put in place by 529, which spread widely through governments and stock markets. The U.K. has instituted travel restrictions on arrivals from South Africa and its neighboring countries, where the variant was first identified.
The Bloomberg EMEA Airlines Index experienced its biggest drop since the beginning of the epidemic. Booking Chief Executive Officer Glenn Fogel told investors early this month that rising Covid cases in Europe adds to the uncertainty surrounding how November and December trends will progress. None of the Wildfires Are Worse, and One Chemical Company is Reaping the Benefits.
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