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BUZZ-Travel stocks: TUI leads losses on worst day for sector this year on Tunisia, Greece

Mon, 29th Jun 2015 07:33

** Travel stocks taking a bruising, led by a >10% drop involume from German tour operator TUI following hotel attack in Tunisia & as Greece edges closer to adefault

** Stoxx 600 Travel & Leisure index down 3.1%,biggest one-day drop since early December; fellow tour operatorThomas Cook second-top sector faller, down 6.7%

** Tour cos evacuated thousands of foreign holiday makersfrom Tunisia on Saturday, a day after a gunman killed 39 peopleat a beach hotel in an attack claimed by Islamic State

** Tour operators Thomson & First Choice, owned by TUI, saidthey had c.6,400 customers across Tunisia at the time of theattack, including several of the people killed & injured

** Britain has warned further Islamist attacks in Tunisiapossible

** Meanwhile, Greeks woke up to shuttered banks, closed cashmachines & a climate of rumours and conspiracy theories onMonday

** Among airlines, Air France-KLM down 3.8%, IAG 4.5% weaker, easyJet down 3.2% & Ryanair off 3.5% (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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