You have to love this rubbish they write9 Oct 2023 18:18
So basically, they needed an excuse so apparently the geopolitical reasons due to the conflict.......
Economic reasons, got it. Oil increases, got it........ "geopolitical reasons hinted at potential travel disruptions", when the main flights don't go there anyway, and cruise ships just go a different port instead........ come on.......... they need to try to make up different wording.
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On the downside, travel equities bore the brunt of the simmering Israel-Gaza conflict, with IAG, InterContinental Hotels, Wizz Air, easyJet, and Carnival plummeting by 5.82%, 2.86%, 6.14%, 5.12%, and 5.9%, respectively.
The geopolitical turmoil hinted at potential travel disruptions, skewing investor sentiment towards caution and risk aversion within the sector.