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UK holiday company shares hit by Egypt travel restrictions

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UK holiday company shares hit by Egypt travel restrictions
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Holiday company shares have been hit by Britain’s move to suspend flights to and from the Egyptian resort of Sharm el-Sheikh – a decision criticised by Cairo.

Thomas Cook fell by five percent, while the TUI Group was also affected, with shares down two percent.

Investigators are examining the possibility that a bomb caused last weekend’s crash of a Russian airliner over the Sinai Peninsula.

Easyjet’s shares rose slightly; the low-cost airline has cancelled several flights from Britain to Sharm el-Sheikh.

The British travel association ABTA estimates there are about 9,000 holidaymakers with its members currently at the resort.