Mar. 27 at 7:53 PM
Shares of previously high-flying airport and travel-related companies fell Friday as signs emerged that long airport lines could soon become a thing of the past. Clear Secure , which offers expedited security services at airports, saw a notable drop after the Senate passed a bill to fund the Transportation Security Administration and President Donald Trump pledged to ensure TSA workers were paid. These developments suggested that the nightmare waits at security checkpoints, which had driven demand for Clear’s services, might ease.
Car-rental companies experienced mixed results. Hertz shares fell, likely reflecting concerns that travelers would be less reliant on quick-access services if airport efficiency improves. Meanwhile, Avis (CAR) posted a modest gain, indicating that overall travel demand remains steady, even as some specialized service providers face profit-taking.
$YOU $HTZ $CAR