Diamonds and Dogs
Airlines set for a surge in international travel as the borders reopen today. Delta is up 2.5% as they saw a 450% increase in international point-of-sale bookings over the last six weeks after 19 months of restrictions. Delta expects to end the year with roughly 75% of its business restored compared to 2019.
Peloton (PTON) continues its decline. The stock is down 11% today and down 40% in the last couple of days as sales decline sharply as Americans get off their stationary bikes and getting back into the world after a year of at-home workouts. Peloton also announced a hiring freeze to preserve costs.
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