Travel shares hit by Greek ‘No’ vote
Travel firms took a further battering on the stock exchange yesterday when their share prices fell following Greece’s vote to reject Europe’s anti-austerity measures, which many believe will deepen the financial crisis and impact on UK tour operators’ programmes to the islands.
Shares in Thomas Cook fell 4.85% yesterday to 125.6p per share while Thomson and First Choice parent TUI saw a smaller 2.55% fall in its share price to 14.34p.
Thomas Cook’s share price recovered slightly this morning, inching up to 126.20p. TUI’s price opened this morning at 14.40p.
Shares in both firms had previously been hit by the attack on British tourists in Tunisia and the subsequent suspension of programmes to the country.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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