The week started with a sharp drop in share price of air-sector and tour operators. Reason is the continuing chaos in European airspace despite the stated willingness of some airports to start work. Shares in German airline Lufthansa sink by nearly 5.5 per cent in early session today in Frankfurt. The main DAX index does move with a fall of 0.4 per cent to 6 157 points. Shares of Easy Jet lost 3.7 percent of its value and those of Ryanair retreated by 3 per cent. The market capitalization of British Airways does sank 6 percent. Against this background, Britain’s FTSE 100 index lost 0.2 per cent. Among the victims is now the French airline Air France-KLM, and as the shares dropped by 8.3 per cent purposes only minutes after the start of the exchange session. About this time the French CAC 40 index lost 0.6 per cent. One of the few companies that issued its forecast for losses from air-crisis is tour-operator TUI Travel. Calculations show that when the company lost around 20 million pounds (30.6 million dollars). Estimates are that each day during which the crisis continues, the more it will cost about 5-6 million pounds.
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