"Expedia Stock Plunges on CEO Resignation and Weak Air Travel Bookings"

Expedia Group's stock dropped 19% after reporting strong financial results for the fourth quarter of 2023 due to a surprise change in CEO. The company achieved record revenue of $12.8 billion in 2023, with a 145% jump in diluted earnings per share compared to 2022. Despite the CEO change introducing uncertainty, the appointment of Ariane Gorin, an internal candidate, may provide some comfort to shareholders. Expedia expects revenue to grow by around 10% in 2024, but the stock's drop reflects investor concerns over the leadership transition.