Travelzoo loses 8%, hits 52-week low as rising gas prices curtail travelers

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Travelzoo Inc. (Nasdaq:TZOO) shares were down 8% Tuesday as many of the Internet media company’s clients’ stocks dropped. Travelzoo connects travelers with airlines, hotels and cruise lines, and many of those providers are struggling as the economy remains weak and the price of crude oil has driven up gas prices. Rental car company Avis Budget Group Inc. (NYSE:CAR), one of Travelzoo’s clients, hit a year low on Tuesday because of rising fuel costs. JetBlue Airways Corporation (Nasdaq:JBLU), another of Travelzoo’s clients, fell 3%, coming close to the airline’s 52-week low.

Travelzoo shares dropped 8% Tuesday, falling to $7.87 apiece. Earlier in the day, Travelzoo shares fell to $7.82, a 52-week low for the New York-based company.

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