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Billions wiped off European travel shares after Paris attacks

Discussion in 'Market News' started by Lily, Nov 16, 2015.

  1. Lily

    Lily Forum Member

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    Air France and Thomas Cook lead travel and leisure stocks lower amid concerns terror attacks will deter holidaymakers

    More than €2bn (£1.4bn) was wiped off shares in European travel and hotel companies on Monday as investors focused on concerns that the Paris attacks will hit tourism and consumer confidence across the continent.

    Shares in airline Air France-KLM, travel company Thomas Cook and their sector peers were down sharply on fears the attacks and the prospect of tighter border controls would deter shoppers and holidaymakers from visiting Paris and other European cities.

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