Travel companies saw their share prices creep up following losses yesterday.
In early Friday trading, British Airways’ shares climbed 1.5%. They had fallen by 5% following yesterday’s revelations by Scotland Yard.
Easyjet, whose shares dropped 2.8% yesterday, regained 0.6% while MyTravel, down 5% yesterday, climbed 0.2%.
BA said it was too early to assess the cost of the disruption, but analysts estimate that it could reach £40 million.
The terror alert came just as airlines were beginning to recover from the impact of September 11 but were already saddled with high fuel costs.
See today’s comment for further analysis of the impact of the terror alert.
By Bev Fearis
