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Brexit delay good for travel companies

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The Brexit delay was positively received by travel stocks in London as the new deadline is now 31 October.

Travel companies were the highest risers on the FTSE 100 index, Easyjet share soared from 88.5p to 1,144.5p, International Consolidated Airlines (IAG) owner of British Airways flew from 30.4p to 545.4p and Tui was up from 59.2p to 775.4p, on Thursday.

David Madden, market analyst at CMC Markets UK said, “It seems that consumers and the company’s management can act with a bit of certainty in the busy summer period.”




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