Tuesday, December 7

Tourism leads the IBEX 35 losses due to the increase in infections

The actions related to tourism led this Thursday the losses of the IBEX 35 due to the rebound in Covid-19 infections in Europe.

The World Health Organization (WHO) he warned about it on Wednesday, noting that the increase in cases in the last week was 7 percent. Countries like Germany -which detected daily peaks of 40,000 infections- or France They are already studying returning to the restrictions activated during the months of greatest incidence of the pandemic.

For this reason, and despite the reopening of the transatlantic routes on Monday, tourist values ​​register large losses on the stock market.

Meliá, red lantern

The most punished is the hotelier Meliá, which falls 4 percent and is positioned as the red lantern of the session.

It also has a week of corrections, in which it has lost 7 percent, correcting much of the ground it gained last Friday, when shares soared 8 percent after its quarterly results beat expectations of the consensus of analysts.

Now, the shares are around 6.45 euros per share, levels of last summer, when the threat of the delta variant already left strong losses in tourist values.

IAG: delta plans again

Precisely, the Covid strain detected in the summer season especially penalized the actions of the IAG airline group. A few weeks ago, the coronavirus already fueled the group’s losing streak.

Now, the increase in infections once again weighs down the titles, which this Thursday fell 3.5 percent in the IBEX 35.

The price returns, in this way, to levels of mid-September, and the price of the shares has fallen again in the last day below 2 euros; a level at which IAG has been anchored since June.

Not even the reopening of the transatlantic routes on Monday, a move that analysts hoped would re-launch the shares of the Iberia parent company, serves for the group to avoid falls.

Amadeus and Aena lose 2%

The other two tourism companies on the IBEX 35 have also been infected with losses due to the wave of infections.

The reservation group Amadeus, which returned to profit in the third quarter for the first time in the pandemic, lost 2 percent on Thursday. Its shares, however, remain above 62 euros, close to their annual highs at 65.

The airport manager Aena, meanwhile, also lost 2 percent this Thursday after reaching annual highs last week at 151 euros. It is now trading at 146.


Leave a Reply

Your email address will not be published. Required fields are marked *