Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Most airlines that cancelled flights ahead of the storm have since restarted operations, including United Continental (NYS: UAL) , Delta (NYS: DAL) , and AMR Corp.'s (NYS: AMR) American Airlines. Others commenting on the storm to Bloomberg compared Irene's disruptive power to that of a winter blizzard.
Now what: Airlines cancelled more than 11,200 flights, a relative pittance when compared to the more than 20,000 trips cancelled during a Chicago-area blizzard that hit the week of Feb. 4. Add it up and you've got relieved travel investors buying back in at less than a third of Travelzoo's 52-week high. Don't be surprised if they're richly rewarded. Do you agree? Would you buy at these levels? Weigh in using the comments box below.
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At the time thisarticle was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Fool contributor Tim Beyers holds no position in any company mentioned.Click hereto see his holdings and a short bio.Motley Fool newsletter serviceshave recommended buying shares of Travelzoo. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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