Travel Stocks Rally as Trump Pledges to Support Industry

By Yasin Ebrahim 

Investing.com – Travel stocks got a boost Tuesday as President Donald Trump pledged to work with the cruise and airline industries.

Trump stopped short, however, of detailing measures to support the industry, in which travel demand has been significantly dented from the spread of the coronavirus.

“We’re going to be helping that industry,” he said of cruise lines. Speaking of the airlines, Trump said, “We’ll be helping them through this patch.”

Hilton Worldwide Holdings (NYSE:) rose 3%, Marriott International (NASDAQ:) added 1.5%, Carnival (NYSE:) was up 5.5%, American Airlines (NASDAQ:) gained 8.1% and United Airlines (NASDAQ:) was up 7.4%.

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