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Thomas Cook closes 7.2% lower after flights to Sharm el-Sheikh suspended on bomb fears

Discussion in 'Market News' started by Lily, Nov 6, 2015.

  1. Lily

    Lily Forum Member

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    Travel groups cancel holidays after crash of Flight 9268 and promise refunds

    Holiday company shares have come under pressure after Britain suspended flights to the Egyptian holiday resort of Sharm el-Sheikh.

    The move came amid fears that the crashed airliner Flight 9268 may have been brought down by a bomb planted by militant group Islamic State. Prime minister David Cameron called President Sisi on Wednesday to discuss what Egyptians are doing about security arrangements at Sharm el-Sheikh airport. A team of UK experts will asses what further measures may need to be taken.

    Sharm el Sheikh being closed is undoubtedly going to cost them some money.

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