MARKET REPORT: Fears of a lost summer wipes £3bn off travel stocks
Travel stocks suffered another dire session as investors digested the Government’s decision to remove Portugal from its ‘green’ list.
Almost £800million was wiped off the market value of Easyjet, Ryanair, Wizz Air, British Airways-owner IAG and plane engine maker Rolls-Royce as the City braced for another torrid summer.
It followed falls of £2billion among the same stocks on Thursday meaning shares in some of Britain’s biggest tourism-related companies lost nearly £3billion in just two days.
Almost…
