By Will Feuer

 

Travel stocks, from cruise lines to hotel chains, got a boost after Delta Air Lines Inc. reported better-than-expected first-quarter sales and said it expects the current quarter to be profitable.

Shares of Delta rose 4.5% to $40.36 a share in morning trading, propelling other airlines and travel operators higher.

Shares of Carnival Corp. and Norwegian Cruise Line Holdings Ltd. both rose more than 4% while Royal Caribbean Cruises Ltd. stock rose just shy of 4% in morning trading.

American Airlines Group Inc. jumped more than 9% to $18.72 a share, while United Airlines Holdings Inc. rose almost 4%. Alaska Air Group Inc. also rose almost 6% while Southwest Airlines Co. traded more than 6% higher.

Marriott International Inc. traded almost 4% higher and Hyatt Hotels Corp. rose more than 3%. Airbnb Inc. and Expedia Group Inc. also got a boost, both rising more than 3%.

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

April 13, 2022 10:37 ET (14:37 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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