Travel Stockwatch
Tuesday sees airline shares perform well as markets push ahead
Travel industry shares generally performed well yesterday on a day that saw decent gains on London’s equity markets.
The FTSE 100 index gained 0.9 per cent in value, adding 37.5 points for a 4190.4 close, while the broader-based FTSE 250 pushed ahead 54.8 points to close at 5089.9. Dealers were busy, with some 3.3 billon shares changing hands before the 6pm cut-off point.
After many positive performances in recent days, ebookers lost 27.5p to close at 465p; the stock is still riding high, however, compared to its 92p low-point for the year. Online rival lastminute.com pushed ahead 2p to close at another 12-month high point of 179.5p.
Airlines performed well, with British Airways leading the way by adding 7.25p to close at 166.25p. The two big no-frills carriers also did well, with Ryanair adding 11p for a 402p finish and EasyJet putting on 6.75p to close at 199p. First Choice Holidays put on a penny to close at 110p while MyTravel closed at 21.49p, down 0.51p on the day.
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