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British Airways shares soar as oil price falls
Travel and tourism shares showed good form yesterday as London’s equity markets pushed ahead.
The FTSE 100 index rallied to finish 24.6 points to the good at 4518.7, while the FTSE 250 added 27 points to end the day at 6252.6.
British Airways was the best performer among travel shares – indeed, it was one of the best on the London market – adding 6.25p to close at 272.5p.
The Guardian attributes the strong performance to a fall in the cost of crude oil; the barrel rate fell by more than a dollar to USD36, the lowest price in nine weeks.
Ryanair also enjoyed a positive session, rising 8.675p to 604.75p.
Alpha Airports 87.5p NO CHANGE
BAA 550p UP 5.5p
British Airways 272.5p UP 6.25p
Carnival 2679p UP 22p
De Vere 435p UP 5p
EasyJet 156p UP 1.25p
ebookers 277.5p UP 1p
EuroDisney 20.5p NO CHANGE
Eurotunnel 23.75p UP 0.25p
First Choice 124p UP 2.25p
Hilton Group 270p UP 3.5p
Holidaybreak 520.5p DOWN 4.5p
Intercontinental 565p UP 10p
Lastminute.com 188p UP 3p
MyTravel 8.25p NO CHANGE
P&O 216.75p UP 6p
Rank Group 296.75p DOWN 0.5p
Ryanair 304.75p Up 8.675p
Stagecoach 87p UP 1.75p
TBI 67p UP 0.5p
Report by Tim Gillett, News From Abroad
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