Airline and cruise stocks soar, as ‘TACO' gives way to ‘trust in Trump alone'

Travel and leisure shares led gains in a broader S&P 500 advance after Iran and President Trump signaled the Strait of Hormuz was “open,” easing short-term oil-supply fears and sending crude prices sharply lower. Cruise lines and airlines jumped — Royal Caribbean and United posted double-digit intraday gains, Carnival and Southwest also rallied — and the U.S. Global Jets ETF jumped, reflecting a strong snap-back in travel sentiment. Analysts cautioned the rally may be fragile without a durable cease-fire or a concrete concession from Iran, and flagged that fuel-cost pressures and capacity cuts (airlines trimming schedules) could limit the upside. Overall the geopolitical development temporarily buoyed the US SP 500 and travel-related names, but strategists warn broader conviction depends on more lasting peace and lower oil prices.