Börse Express – FOCUS ON SHARES: Virus worries put a strain on airline and airport prices


Lufthansa shares
and from Fraport have on Monday
along with other sector stocks amid investor concerns
suffered the spread of the coronavirus. While the leading index Dax
and the index of medium-sized values ​​MDax
were down by 1.4 percent each, it went for
the papers of the travel-dependent groups by 4.9 and 2.6 respectively
Percent downhill. In the early minutes, the discounts even had
each up to 6 percent.

The spread of the corona virus in China frightened Monday
cross-market investors again. There is the number of dead
due to the new lung disease by Monday by 24 to 80
gone up. Within a day the number of confirmed ones increased
Infections by more than 700 to 2744. worry with airlines
The stock marketers are concerned about the consequences for the
worldwide travel.

According to the Swiss bank UBS, the
Airline and the airport operator in their industries
Companies suffering from restrictions on travel activity
Asia and especially China are particularly hard hit. Loud
Analyst Jarrod Castle accounts for 19 percent of Lufthansa capacity
related to the Asia Pacific region – a number that its
According to Air France-KLM only
is surpassed. The British Airways mother IAG
on the other hand, there is less connection with the Far East.

Castle Fraport sees particularly among the European airports
strong affected. Here 10 percent of the flight connections are sufficient
Far East, much more than the one he calculated
Average of only 2 percent. The expert believes that
temporary headwind is limited to passenger traffic
will impact overall. The consequences of minor changes are
but more noticeable on these routes because the average
Expenditure per passenger by Asian tourists – for example in
Retail at the airport – about three times higher than that
of Europeans.

Due to the ongoing price slide, Lufthansa shares were on
Monday dropped to a low since August 2019. For Fraport meant
the initial slide down to 65.46 euros even a temporary low
since January 2019, before they significantly reduced their minus.
Air France-KLM shares fell across Europe in
Paris by 4.4 percent and that of IAG in London around
4.1 percent. The European industry index Stoxx Europe 600
Travel & Leisure was in the sector comparison
second weakest with a discount of 2.2 percent.

The worries were already on Friday in the courses of
US airlines depressed. United Airlines and
American Airlines had around 4 percent in New York

 ISIN  DE0008232125  FR0000031122  DE0005773303  ES0177542018  CH0019112744

AXC0091 2020-01-27 / 10: 18

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