United Kingdom
United States
Asia Pacific
Travel shares slump amid flu pandemic fears
Saturday, 27 Apr, 2009
0
Shares in leading travel companies and airlines slumped today over fears of a global fly pandemic.
Stock markets around the world in reacted as airline passengers returning to the UK from Mexico were screened for signs of swine flu which is thought to have been responsible for the deaths of at least 100 people.
Shares in British Airways, Thomas Cook, TUI Travel and Carnival Corporation were among the fallers in London.
BA shares dropped 7.2%, Easyjet fell 5.4% and Carnival 6.4% in early trading this morning.
Thomas Cook shares were down 7.6% and TUI Travel dropped by 4.3% as investors feared the outbreak could lead to restrictions on travel globally.
The FTSE 100 index was down 58.63 points, or 1.4%, at 4,097.36 at 08.15 this morning.
Shares in both Qantas and Cathay Pacific had also fallen.
Outbreaks of the flu have emerged in Mexico, the US and Canada while tests are being carried out on returning travellers to Australia, New Zealand, Spain, Brazil and Israel.
The Health Protection Agency said it was sensible to plan for the possibility of cases being discovered in the UK.
by Phil Davies
Phil Davies
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak