Booking Holdings reported disappointing earnings for the second quarter, leading to a significant drop in its stock price, which fell by approximately 8.5% in after-hours trading. The company, which operates brands such as Kayak and Priceline, provided a forecast for the third quarter that did not meet analysts' expectations. CEO Glenn Fogel noted that while flight prices have decreased in some regions, this has negatively impacted the total dollar value of gross bookings. Additionally, the company anticipates a slowdown in room night growth. In contrast, Sun Country Airlines reported a 91% decline in profit for the second quarter but saw its shares rise by nearly 4% as it expands its partnership with Amazon. Despite challenges faced by airlines, the global travel sector is showing signs of an uptrend, which could benefit certain companies in the industry.