Travel Stockwatch

Thursday, 02 Jul, 2003 0

Tuesday’s markets see industry shares suffer along with the rest

It was a largely negative day for travel shares on London’s equity markets yesterday, with many prices falling as the main indices dropped.

The FTSE 100 index lost 1.7 per cent of its value, dropping 67.3 points to close at 3963.9, while the FTSE 250 fell back 38 points to close at 4925.4. It was a busy day for dealers, who traded 3.1 billion shares before the 6pm count.

Among the airlines, British Airways lost 3.75p to end the day at 147.75p after being downgraded to “junk” status by the ratings agency Standard and Poors, while EasyJet lost 7p to close at 223p and Ryanair added a penny to finish at 430.5p.

Online retailers ebookers and lastminute.com also suffered; the former lost 2p for a closing price of 454p and the latter fell back 1.5p to close at 173p. First Choice Holidays was static at 112.5p and MyTravel edged ahead 0.25p to 19p.