FTSE 100 loses ground as airline stocks slump following Heathrow fire [Yahoo! Finance]
INTL CONSL AIRLNS S/ADR (ICAGY)
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Source: Yahoo! Finance
The UK's biggest airport was closed for most of Friday because of a blaze at a nearby electricity substation. Heathrow previously warned it expected “significant disruption” over the coming days, but in its most recent update the airport said it hopes to run a “full operation” on Saturday. Around 200,000 passengers have been affected by the closure of what is Europe's busiest airport. British Airways owner International Airlines Group fell 2.9%, while easyJet fell 0.9%. AJ Bell investment director Russ Mould said the development, and subsequent fall in airline stocks, “will have stirred uncomfortable memories for the industry of the disruption it endured during the pandemic”. Meanwhile on Wall Street, the S&P 500 was down 0.2% and the Dow Jones down 0.1% shortly after UK markets closed. Germany's Dax index fell 0.5% and France's Cac 40 dropped 0.6%. Sterling was down 0.4% against the dollar at 1.2918, while it was roughly level against the euro at 1.1942. In company n
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