Airline and tourism shares drag FTSE down after terrorist attack

    british airways
    LONDON, UK - MAY 19, 2012: Fleet of Boeings 747 of British Airways standing on the apron of London Heathrow airport

    Airline shares dragged the FTSE 100 down in Friday morning trading, after Thursday’s terrorist attack in Barcelona spooked investors.

    British Airways owner IAG (LON:IAG) saw shares drop over 2 percent in early morning trading, with Easyjet (LON:EZJ) shares down nearly 2.5 percent. Ryanair (LON:RYA) share followed suit, currently trading down 2.22 percent at 18.49.

    The terrorist attack took place in Barcelona late on Thursday afternoon, when a van drove through a crowd in a busy tourist area causing the deaths of 13 people. Another attempted attack took place 70 miles further down the coast, but the perpetrators were shot dead by police.

    Shares in travel operators also took a hit, with Thomas Cook (LON:TCG) shares down over 2 percent by 1000GMT, and TUI Travel (LON:TT) down just over 1 percent. Intercontinental Hotels was the biggest faller on the Spanish index.

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    The FTSE 100 is currently trading down 0.92 percent at 7,320.09.