Coronavirus: Ryanair and EasyJet shares tank as travel fears hit
Ryanair and EasyJet shares tanked as the spread of the coronavirus strain into Italy raised the threat of vulnerable economies in Europe taking direct economic hits for the first time. European airlines were among the largest losers as investors feared the consequences of potentially fewer tourists and business people travelling in Europe. Ryanair in Dublin slid by over 13%, EasyJet in London tumbled 17%, shares in IAG shed 9%, and Air France-KLM and Lufthansa fell by up to 8.5%. Shares in travel giant TUI also tumbled by 10%. “Coronavirus concerns have hit markets hard today, with a more global reach raising fears that the virus cannot be contained as easily as many had presumed,” said a senior market analyst at online broker IG. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-25/unaligned/coronavirus-ryanair-and-easyjet-shares-tank-as-travel-fears-hit
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Coronavirus: Ryanair and EasyJet shares tank as travel fears hit
Ryanair and EasyJet shares tanked as the spread of the coronavirus strain into Italy raised the threat of vulnerable economies in Europe taking direct economic hits for the first time. European airlines were among the largest losers as investors feared the consequences of potentially fewer tourists and business people travelling in Europe. Ryanair in Dublin slid by over 13%, EasyJet in London tumbled 17%, shares in IAG shed 9%, and Air France-KLM and Lufthansa fell by up to 8.5%. Shares in travel giant TUI also tumbled by 10%. “Coronavirus concerns have hit markets hard today, with a more global reach raising fears that the virus cannot be contained as easily as many had presumed,” said a senior market analyst at online broker IG. <br/>
