The skies have been anything but friendly lately for online travel stocks. Not long ago, investors had high hopes for the likes of Expedia (EXPE:Nasdaq - news - research - Cramer's Take), Travelocity and Orbitz. These Internet upstarts were going to simplify the travel business by drawing traffic from travel agents and reservation phone lines. Profits were going to soar both for the sites and for their airline and hotel industry partners. "People are overall fairly negative on the whole sector," says Aaron Kessler, an analyst with Piper Jaffray who rates Expedia market-perform and Priceline outperform. "They are most positive on the international side of the market. Domestic is going to remain a challenge."

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