Reason for sharp fall?19 Oct 2021 23:14
News that Heathrow increased fees by 53% drove aviation stocks lower, as the airport now has the distinction of being the most expensive in the world.
“Airlines are on the back foot once again today, with sharp losses for IAG, Tui, and easyJet dragging down the wider FTSE index,” Joshua Mahony, Senior Market Analyst at IG wrote in an afternoon note. “Rising UK Covid cases and the recent emergence of the Delta plus strain do provide a little cause for concern, although there remains hope that the successful vaccination drive should help protect the travel sector from any further disruptions. from any further disruptions.”