Airlines, Other Travel Stocks Drop After Brussels Attacks

By Markets MarketWatch Pulse

Shares in airlines and other travel-related companies dropped Tuesday in the wake of deadly attacks in Belgium, which has been on high alert after the arrest of a Paris attack suspect. "No surprise to see European airlines and travel shares being offloaded this morning," said Mike van Dulken, head of research at Accendo Markets, in a note. "Investors will be fearful of the knock-on to European traveler sentiment which was clearly dented in the wake of the Parisian attacks last November." Ryanair Holdings PLC shares fell 4.2% in Dublin, Air France-KLM SA dropped 4.3% in Paris, easyJet PLC shed 4.1% in London and Deutsche Lufthansa AG lost 2.7% in Frankfurt. American Airlines Group Inc. fell 1.1% in thin premarket trading ahead of the U.S. market's open. Meanwhile, travel companies Thomas Cook Group PLC and TUI AG fell 4.7% and 2.9%, respectively.

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