AC.PA Accor S.A. : Bullish and Bearish Analyst Opinions

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12:23
Mar 02
Oliver Crook Chief European Correspondent, Bloomberg Bloomberg Markets
"Travel chaos extending through the Middle East." Emirates and Qatar Airways have suspended flights. Accor (AC.PA) is down 10% due to heavy Middle East operations. TUI and Lufthansa are also sinking. The closure of airspace over Iran and the Gulf forces rerouting (higher fuel costs) or cancellations (revenue loss). Luxury hotels in the region (Accor) face immediate demand destruction as tourism halts. SHORT. The combination of higher oil prices (fuel costs) and lower demand (fear of travel) is a double negative for this sector. Government bailouts or a rapid reopening of airspace.
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About AC.PA Analyst Coverage

Buzzberg tracks AC.PA (Accor S.A.) across 1 sources. 0 bullish vs 1 bearish calls from 1 analysts. Sentiment: mixed to bearish. 1 total trade ideas tracked.