International Consolidated Airlines S A : Rallying travel stocks lift FTSE 100
September 16, 2021 at 04:41 am EDT
Share
London’s FTSE 100 climbed during opening exchanges today, lifted by a rally among travel stocks that helped to reverse yesterday’s poor performance.
The capital’s premier index gained 0.44 per cent to hit 7,047.52 points, cancelling out losses registered on a choppy day on London markets yesterday.
The likes of aerospace engineer Rolls Royce and British Airways parent company IAG received a bump from reports that pre-departure Covid tests may be scrapped to make travel simpler.
The likes of aerospace engineer Rolls Royce and British Airways parent company IAG received a bump from reports that pre-departure Covid tests may be scrapped to make travel simpler.
Removing mandatory tests would make travel less costly for consumers and potential stimulate demand for foreign holidays.
The pound lost ground on the greenback, weakening 0.17 per cent to $1.3814.
Strong performances among travel stocks was extended to the mid-cap FTSE 250, with easyJet leading the way, up 5.12 per cent to help the index leap 0.54 per cent to 23,558.54 points.
More to follow.
The post Rallying travel stocks lift FTSE 100 appeared first on CityAM.
International Consolidated Airlines Group, S.A. is a leading European airline. Net sales break down by activity as follows:
- passenger transportation (84.4%): 94.7 million passengers transported in 2022;
- freight transportation (7%);
- other (8.6%): maintenance and handling services, distribution of computer reservation systems, etc.
At the end of 2022, the group operated a fleet of 558 aircrafts.
Net sales are distributed geographically as follows: Spain (18.7%), the United Kingdom (34.3%), the United States (16.2%) and other (30.8%).