Australia  

Airline shares jump after Thomas Cook collapse

Video Credit: Reuters Studio - Duration: 01:13s - Published
Airline shares jump after Thomas Cook collapse

Airline shares jump after Thomas Cook collapse

European stocks sank Monday after new economic data came in worse than expected, but airline and travel shares soared on hopes some firms will pick up business following the collapse of Thomas Cook.

Julian Satterthwaite reports.

Airline and travel stocks soared in Europe on Monday (September 23).

Holiday firm TUI up over six percent in early trade, with EasyJet not far behind.

The gains were driven by hopes they'll pick up business following the collapse of Thomas Cook.

It went bust overnight, leaving hundreds of thousands of travelers stranded.

Airlines were one of the few positives for investors Monday though.

Benchmark indexes all sank after fresh signs of downturn in the euroe zone.

Flash purchasing managers indexes came in much worse than expected in Germany and France.

For the euro zone as a whole, the manufacturing index sank to 45.6.

That's far short of economist forecasts, and way below the fifty point level that divides contraction and expansion.

Germany's Dax index was down over 1.5 percent following the news.

France CAC not much better, with the FTSE also down in London.

Banks were the worst hit, with the eurozone banking index off over 2.5 percent.

Sectors seen as more sheltered - like utilities and food firms - fared better.




You Might Like


💡 One News Page Knowledge: Other News Mentions

Germany Germany Country in Central Europe

Ole Gunnar Solskjaer confident Manchester United will progress despite PSG loss [Video]

Ole Gunnar Solskjaer confident Manchester United will progress despite PSG loss

Manchester United’s Champions League hopes are hanging in the balance but OleGunnar Solskjaer is confident they will bounce back against RB Leipzig. “Weknow the destiny is in our own hands,” United boss Solskjaer said lookingahead to next week’s trip to Germany. “We know that we play against a goodteam obviously. Leipzig were in the semi-final last year, but we aredeveloping into a better team as well."

Credit: PA - Press Association STUDIO    Duration: 00:43Published
Tributes paid to those killed when a car drove into shoppers in Trier, Germany [Video]

Tributes paid to those killed when a car drove into shoppers in Trier, Germany

A baby was among five people killed in the incident in western Germany.

Credit: euronews (in English)    Duration: 00:50Published
Four confirmed dead after car hits pedestrians in west German city of Trier [Video]

Four confirmed dead after car hits pedestrians in west German city of Trier

A nine-month-old baby is among the victims, police said, adding that the suspect did not appear to have a 'political or religious motive'

Credit: Euronews English    Duration: 01:19Published
Euro zone factory recovery faltered in Nov [Video]

Euro zone factory recovery faltered in Nov

Euro zone factory growth cooled last month as renewed coronavirus lockdown measures hurt demand, according to a survey which showed Germany remained the driving force behind the bloc's manufacturing recovery. Francis Maguire reports.

Credit: Reuters Studio    Duration: 01:08Published
German restaurant packed with stuffed pandas in coronavirus protest [Video]

German restaurant packed with stuffed pandas in coronavirus protest

A restaurant owner in Germany has been using stuffed toy panda bears as a form of silent protest against the coronavirus lockdownView on euronews

Credit: euronews (in English)    Duration: 00:30Published

easyJet easyJet British low-cost airline group

Vaccine news boosts easyJet bookings [Video]

Vaccine news boosts easyJet bookings

EasyJet's bookings jumped by 50% on positive news about a coronavirus vaccine - a brief respite during a pandemic which pushed the British airline to a $1.68 billion annual loss. Ciara Lee reports

Credit: Reuters Studio    Duration: 01:25Published
EasyJet nosedives into the red with first ever full-year loss [Video]

EasyJet nosedives into the red with first ever full-year loss

Low-cost carrier easyJet has slumped to the first ever full-year loss in its25-year history as the coronavirus crisis sent it nosediving into the red by£1.27 billion. The group’s pre-tax loss for the year to September 30 comesafter passenger numbers halved to 48.1 million as the pandemic crippled theaviation industry. It warned it expects to fly no more than around 20% ofplanned services in the first quarter of its year to next September as arelentless second wave of the pandemic batters demand.

Credit: PA - Press Association STUDIO    Duration: 00:59Published
EasyJet warns first-ever loss could top $1 bln [Video]

EasyJet warns first-ever loss could top $1 bln

EasyJet has called on the UK government to provide a package of support for the airline sector after warning that its first-ever annual loss could hit $1.1 billion. Julian Satterthwaite reports.

Credit: Reuters Studio    Duration: 01:18Published

London London Capital of the United Kingdom

'Masterpieces from Buckingham Palace' on display [Video]

'Masterpieces from Buckingham Palace' on display

It's hoped a new exhibition at The Queen's Gallery in London will help restore the finances of The Royal Collection Trust, after venues around the UK had to close to the general public for several months this year.

Credit: Reuters Studio    Duration: 01:28Published
Pubs and restaurants in London reopen as lockdown lifts [Video]

Pubs and restaurants in London reopen as lockdown lifts

Pub and restaurant-goers returned to the streets of Soho on Wednesday evening as London came out of England’s national lockdown and into Tier 2 restrictions. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:44Published
London's National Gallery reopens its doors to the public as England's lockdown is lifted [Video]

London's National Gallery reopens its doors to the public as England's lockdown is lifted

As England's second lockdown comes to an end, cultural venues such as the National Gallery have reopened their doors to the public.

Credit: euronews (in English)    Duration: 00:50Published
Sadiq Khan: Covid vaccine is ‘fantastic news’ [Video]

Sadiq Khan: Covid vaccine is ‘fantastic news’

The Mayor of London says he “did a leap in the air” when he heard that the Pfizer/BioNTech Covid-19 vaccine had been approved for use in the UK. Despite the “fantastic news” Sadiq Khan urged Londoners to remain cautious under England’s new tiered lockdown restrictions saying: “We’ve got to follow the rules”. Mr Khan added that he wants to “sensibly and reasonably” discuss with Londoners “who aren’t persuaded” the benefits of vaccines. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:50Published
Michel Barnier arrives for talks with deadline looming [Video]

Michel Barnier arrives for talks with deadline looming

The European Union’s chief Brexit negotiator Michel Barnier arrives for trade talks with the UK in London, as negotiators race to reach a deal before the looming deadline. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:41Published

Related news from verified sources

Travel firm Thomas Cook teetering on the edge of collapse

More than 600,000 vacationers who booked through tour operator Thomas Cook are on edge around the...
The Age - Published Also reported by •Motley Fool


Thomas Cook smoothed path for well-to-do travelers

There was a time when Australia's wealthy would call on Thomas Cook to arrange a season in London or...
The Age - Published Also reported by •Sydney Morning Herald


Weddings ruined and passengers stranded by Thomas Cook collapse

"We were promised a surprise on our wedding but this was not the surprise we were expecting," says a...
The Age - Published


Related videos from verified sources

WESH 2 speaks to Thomas Cook passengers stranded in Orlando [Video]

WESH 2 speaks to Thomas Cook passengers stranded in Orlando

WESH 2 speaks to Thomas Cook passengers stranded in Orlando

Credit: WESH     Duration: 01:52Published
The collapse of Thomas Cook sent shockwaves across the industry [Video]

The collapse of Thomas Cook sent shockwaves across the industry

The collapse of Thomas Cook sent shockwaves across the industry

Credit: Euronews English     Duration: 02:00Published
TOUCHING MOMENT CABIN CREW ON ONE OF FINAL THOMAS COOK FLIGHTS SAY THE COMPANY WILL BE “GONE BUT NEVER FORGOTTEN” [Video]

TOUCHING MOMENT CABIN CREW ON ONE OF FINAL THOMAS COOK FLIGHTS SAY THE COMPANY WILL BE “GONE BUT NEVER FORGOTTEN”

By Jack Mobley   On one of the final Thomas Cook flights, the cabin crew and passengers shared a touching moment, saying the phrase, “Thomas Cook: gone but never forgotten.” Rachael McMath was..

Credit: Rumble     Duration: 00:31Published