A fire at Heathrow Airport has led to a decline in airline stocks, notably British Airways and Iberia's owner IAG, which fell 3%, and KLM-Air France, which decreased by 1.5%. Travel service providers have also been adversely impacted, with FirstGroup's share price dropping over 7% and Mobico, the National Express operator, declining almost 1%. The disruption affected services transporting passengers ahead of the busy weekend, highlighting the interconnectedness of the travel industry and the cascading effects of such incidents.
The fire at Heathrow hasn't just impacted the airlines but also the companies that service the airport. Many of the travel services that would be carrying passengers to and from the airport ahead of the weekend travel rush have been suspended for the day, and this disruption has impacted their share price.
British Airways and Iberia owner IAG and KLM-Air France dropped up to 3% and 1.5% respectively.
Techreport.com compiled data covering UK travel firms in the FTSE 350, showing FirstGroup, the FTSE 250 listed firm and bus and rail operator, has slipped over 7% today.
Mobico, operator of the National Express group, also fell nearly 1% today.
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