Travel Stockwatch
Wednesday’s markets see airline shares suffer as online concerns move ahead
There were very mixed fortunes for travel industry shares on London’s equity markets, with airline stocks suffering while others pushed ahead.
The FTSE 100 index of leading shares closed 0.6 lower having lost 25.4 points to close at 4077.1, while the broader-based FTSE 250 fared slightly better and gave away just 8.2 points to close at 5199.5. Dealers were very busy with 3.6 billion shares traded before the 6pm count.
Airline shares suffered; British Airways lost 2p to close at 179p, EasyJet lost 10.25p for a 229.25p finish, and Ryanair dropped 8.5p to end the day at 426.5p.
Online concerns did much better; ebookers added 4p to close at 505p – just five pence away from its 12-month high, while Lastminute.com pushed ahead 2.75p to close at 193p, also very close to its high-point for the year.
First Choice Holidays added three quarters of a penny to close at 122.75p, and MyTravel continued its relatively-positive run by adding 2.75p to close at 30.25p.
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