Fears over swine flu wipe billions off travel company shares
Growing fears of a swine-flu pandemic has hit the share value of
airlines and travel companies.
In London yesterday, British Airways’ shares dropped by almost 9%, while Thomas Cook and TUI saw their shares fall by more than 5%.
Cruise companies were also impacted, with Carnival Cruise Lines shares falling by more than 5%.
Analysts pointed out that 70% of cruises from the US usually spend at least one night in Mexico.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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