Turbulence Ahead? 3 Travel Stocks to Scrutinize After the Expedia Layoffs

The travel industry has been in a post-pandemic boom, but the wind may be going out of its sails. Online travel agent (OTA) Expedia (NASDAQ:EXPE) surprised the market by announcing it was firing 1,500 employees, or 9% of its workforce, because of sagging demand. The cuts will hit its bottom line by $80 million to$100 million.It’s not alone. Booking Holdings (NASDAQ:BKNG) also said to expect a slower first-quarter result as well as weaker full-year financials. Sabre (NASDAQ:SABR) pretty much said the same t ...