Airbnb drops 10% after earnings report offers cautious outlook for Q2 (cnbc.com)

Margins on most fully booked flights are already sub 3% on major U.S. carriers, there's no fat left to trim unless fuel or labor get cheaper.

They have incredible pricing power at the moment. Demand > supply, people who cannot afford will be priced out. Two questions will be when will the consumer be exhausted and tapped out, and how elastic is aggregate demand between AirBnB and traditional hotel accomodations.

https://www.bloomberg.com/news/articles/2023-05-08/us-flight...

https://archive.is/aTyGm