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Travel Stockwatch
BA strike cost British airport operator its best ever results.
Airports operator BAA saw its shares dip yesterday despite enjoying its second-ever busiest month in July. More than 13 million passengers jetted off from its seven airports during the month, up 2.2 per cent on the same month last year.
Had it not been for the wildcat strike by British Airways’ staff at Heathrow, the result might have been the best ever. BAA shares fell 6.25p to 472p after the company announced it had launched a £425 convertible bond issue in a bid to strengthen its investment strategy.
It was a better day for Ryanair, which ended Monday’s trading 5.5p up at 430p, and easyJet finished ahead too, up 2.75p at 233.75p.
There was little movement among the holiday companies, with First Choice Holidays staying static at 118.75p, and My Travel down by 0.75p to 27p. The FTSE 100 index of leading shares added 0.7 per cent, closing at 4,176.7.
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