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BA shares take off on premium travel increase

Friday, 7 January 20053 min read

Travel and tourism shares generally enjoyed a positive day yesterday as London’s main equity indices registered modest gains.

The FTSE 100 index added 18.3 points to close at 4824, while the broader-based FTSE 250 gained 5.4 points and ended the day at 6920.9.

The biggest winner was British Airways, which added 11.5p to close at 242.5p – its highest price since July – after the carrier reported an increase in first and business class travel.

BA reported that it carried 2.7 million passengers in December; this was a 1.8% increase on the same month in 2003. Premium traffic was up 6.8% in December over the same month last year while economy passenger numbers rose by 2.7%.

Alpha Airports 88p NO CHANGE

BAA 584.5p DOWN 5p

British Airways 242.5p UP 11.5p

Carnival 3191p UP 40p

De Vere 480p UP 4.5p

EasyJet 199p UP 8p

ebookers 315.75p NO CHANGE

EuroDisney 14p NO CHANGE

Eurotunnel 18.25p UP 1p

Hilton Group 283.5p UP 5.25p

Holidaybreak 614.5p DOWN 8p

Intercontinental 644.5p UP 1.5p

Lastminute.com 118p DOWN 0.25p

MyTravel 7.5p DOWN 0.5p

P&O 301.75p UP 1.25p

Rank Group 270p UP 3p

Ryanair 390.88p UP 6.54p

Stagecoach 114.5p UP 2.25p

TBI 92.25p NO CHANGE

Report by Tim Gillett, News From Abroad Ltd