Terror alert update: Share prices recover slightly
Travel companies saw their share prices creep up following losses yesterday.
In early Friday trading, British Airways’ shares climbed 1.5%. They had fallen by 5% following yesterday’s revelations by Scotland Yard.
Easyjet, whose shares dropped 2.8% yesterday, regained 0.6% while MyTravel, down 5% yesterday, climbed 0.2%.
BA said it was too early to assess the cost of the disruption, but analysts estimate that it could reach £40 million.
The terror alert came just as airlines were beginning to recover from the impact of September 11 but were already saddled with high fuel costs.
See today’s comment for further analysis of the impact of the terror alert.
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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