Tuesday, November 09, 2004

Eddington: Airlines are going to go bust - 09-Nov-04.

Eddington: Airlines are going to go bust - 09-Nov-04. There were several significant moves among travel and tourism shares yesterday as London’s equity markets slumped.

The FTSE 100 index dropped 23.2 points to end the day at 4716.6, while the FTSE 250 had a similar session, falling 41.7 points to close at 6474.4.

Shares in British Airways fell 5.5p to 219p after it posted better-than-expected results but gave a less-than-optimistic forecast for the future.

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