Airlines are facing a wave of cancellations as a government shutdown disrupts travel plans, causing stock dips for major carriers. Meanwhile, Airbnb's shares rise after they project strong holiday quarter earnings, fueled by a new 'reserve now, pay later' option. Monster Beverage makes headlines too, as their latest earnings surpass expectations, marking record international sales. On a different note, Pfizer experiences stock turbulence due to a bidding war with Novo Nordisk over a drug company.
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Shutdown Strains Airlines Pre-Holiday
The government shutdown has already forced cancellations and is pressuring U.S. airline stocks ahead of Thanksgiving.
Nathan Hager and Kriti Gupta note early cancellations represent about 3% of booked flights and could widen as negotiations continue.
insights INSIGHT
Airbnb Boosted By Flexible Payments
Airbnb issued a stronger-than-expected holiday outlook, driven partly by a 'reserve now, pay later' feature.
Kriti says bookings growth and U.S. demand are supporting a premarket 4% stock gain for ABNB.
insights INSIGHT
Monster Gains From Overseas Momentum
Monster Beverage beat expectations with strong international sales, lifting its stock and price targets.
Kriti highlights record net sales outside the U.S., prompting upgrades from Piper Sandler and Morgan Stanley.
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- Shares of American Airlines (AAL) and United Airlines (UAL) edged lower in premarket trading as carriers across the US began canceling flights scheduled for the coming days, as the longest government shutdown in history upends air travel and forces thousands of passengers to change their travel plans. With hundreds of services already suspended by the four largest airlines, the world’s busiest aviation market has become a flashpoint in the long-simmering clash between Republicans and Democrats over federal funding as President Trump ramps up pressure to forge a deal.
- Airbnb (ABNB) shares climbed in the premarket session after the company issued a better-than-expected outlook for the holiday quarter, with a recently launched “reserve now, pay later” feature helping fuel demand in the US. Revenue for the three months ending Dec. 31 will be $2.66 billion to $2.72 billion, the company said in a shareholder letter on Thursday, exceeding the Bloomberg-compiled analyst average estimate of $2.67 billion. The key metric of nights and seats booked is expected to increase in the “mid-single-digit range” from a year earlier, Airbnb said. That was in line with analysts’ estimates. Airbnb had previously warned about challenging comparisons with 2024.
- Monster Beverage (MNST) shares moved higher in early trading after the energy drink maker's third-quarter results topped expectations. Net sales to customers outside the US reached a record high rate, Schlosberg said, accounting for about 43% of total net sales, up from roughly 40% a year earlier. The latest results underscore how the broader energy-drink industry is benefitting from coffee drinkers ditching cold brews for “better-for-you” caffeine and are eyeing overseas markets where consumption remains below soft drinks.
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