Monday sees Ryanair make sharp gains before releasing good trading figures
Travel stocks had a mixed session yesterday as London’s equity markets moved ahead sharply.
The benchmark FTSE 100 index gained some two per cent in value, adding 81.2 points to close at 4129.3 – its highest closing position for six months – while the FTSE 250 index also had a good day and added 64.3 points to end the session at 4879.9. Dealers had a solid day and traded 2.6 billion shares by the 6pm count.
Among travel shares, Ryanair had the best day, adding 13p to close at 439.5p on the back of more encouraging trading figures, though in early trading today the share price has moved sharply backwards to around 398p. No-frills rival easyJet lost 2p to close at 186p, while British Airways added 6.25p to close at 147p.
Lastminute.com continued its strong run and added 0.25p for a new year-high of 141.5p – investors who bought the stock at its 12-month low-point of 75.25p would now be sitting on an 88 per cent profit. First Choice added 2p to close at 94p, and MyTravel added 0.5p to end the day at 20.25p.
