juventus
Posts: 2017
Joined: Tue Dec 07, 2004 11:12 pm

BA, AF-KLM, Lufthansa Stocks Drop Due To Attacks

Thu Jul 07, 2005 8:32 pm

British Airways, Airline Stocks Fall on London Blasts (Update1)
July 7 (Bloomberg) -- British Airways Plc, Air France-KLM Group and Deutsche Lufthansa AG were among European airline stocks falling today after multiple explosions rocked London.

Shares in British Airways had their worst drop since Sept. 20, 2001, the week after the terrorist attacks in the U.S. The stock fell as much as 25.75 pence, or 9 percent, to 246.5 pence and was down 6 percent at 12 p.m. in London.

"Not good"
 
RJ100
Posts: 3895
Joined: Wed Nov 22, 2000 1:37 am

RE: BA, AF-KLM, Lufthansa Stocks Drop Due To Attacks

Thu Jul 07, 2005 8:39 pm

Hmm, at least oil price is down almost 3 dollars. In the short term some airlines will benefit from the attacks, many people are currently moving out of London.

Let's hope that the situation does not get worse.

Regards,
RJ100
none
 
ohthedrama747
Posts: 244
Joined: Mon Jan 31, 2005 3:59 am

RE: BA, AF-KLM, Lufthansa Stocks Drop Due To Attacks

Thu Jul 07, 2005 8:45 pm

BAA's shares have fell by 24 pence as well.

Down to 500 and something. I can't check it the now as BAA's website is overloaded i think.
 
Tolosy
Posts: 341
Joined: Wed Oct 29, 2003 2:14 am

RE: BA, AF-KLM, Lufthansa Stocks Drop Due To Attacks

Thu Jul 07, 2005 9:02 pm

I work on the financial markets and yesterday I had a meeting with a client.

he was interested in heavily investing in the Air France equity.

I told him, the stock is currently doing well, but at the first terrorsit attack, it will fall and will not recover for a long time!


Hi finally did not buy it. Lucky he was
 
juventus
Posts: 2017
Joined: Tue Dec 07, 2004 11:12 pm

RE: BA, AF-KLM, Lufthansa Stocks Drop Due To Attacks

Thu Jul 07, 2005 9:06 pm

If this had happened in the US. There are at least 3 airlines that could not take the hit. (US, UAL, DL) Just my opinion

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