Tuesday sees industry shares fall along with the rest of the market
It was a grim day for travel industry shares yesterday as equity markets on both sides of the Atlantic saw large losses.
The FTSE 100 index lost 1.2 per cent of its value, dropping 48.5 points to close at 4177.4, while the broader-based FTSE 250 dropped 0.6 per cent, giving away 34.9 points to end the day at 5562.9. It was a relatively busy day despite the mainly-negative mood, with 2.8 billion shares traded before the 6pm count.
Among the airlines, British Airways fell 4.5p to 187.75p, Easyjet dropped 7p to 241p, with Stelios Haji-Ioannou selling yet another large stake to fund other projects, and Ryanair fell 10p to 454p.
Online traders fared little better; ebookers dropped 22p to 581p and lastminute.com lost 2.75 for a 268.5p finish. First Choice Holidays lost 2.5p to end the day at 116.5p, while MyTravel closed at 24.5p, down a penny.
