New lockdowns in next days? Carrier stocks collapse
Restrictions weighed on European markets
New restrictions imposed by governments around the world, France in the first place, led to significant changes in the stock market as regards air transport. Number of infections on the rise in many nations has made urgent measures and curfews necessary and the European financial centers have been heavily affected. New lockdowns are feared after the one imposed some time ago by Israel (the first State to formalize one for the second time, as also reported by AVIONEWS) and Stoxx600 Travel & Leisure index which groups the travel and tourism sector lost three percentage points. The most significant drops were those of air carriers, in particular Lufthansa sold 6%, the same negative value recorded by the low-cost airline easyJet.
Prices of IAG (International Airlines Group), which controls British Airways and Iberia and that lost five percentage points, did not go better, while Air France-KLM had to deal with a heavy -4%. The 3.5 percentage points sold by Ryanair are further confirmation of a very negative overall reaction, without forgetting the tour operator Tui, between 4 and 5% less. Stock prices of the other continents are now awaited for a meaningful comparison.
AVIONEWS - World Aeronautical Press Agency