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CDI - Christian Dior SE News Story

€627 15.0  2.5%

Last Trade - 4:35pm

Consumer Cyclicals
Large Cap
Market Cap £95.93bn
Enterprise Value £141.72bn
Revenue £38.80bn
Position in Universe 9th / 848

BUZZ-Travel, luxury stocks: Slide further on pandemic fears

Mon 24th February, 2020 8:33am
** European luxury and travel stocks extend losses on Monday
on fears of a coronavirus pandemic after sharp increase in new
cases reported outside of China*:nL3N2AO07M
    ** Europe's travel & leisure index  .SXTP  is down around 4%
and on track for the 3rd day of straight losses
    ** Ryanair  RYA.I , Easyjet  EZJ.L , Lufthansa  LHAG.DE ,
IAG  ICAG.L  and Air France  AIRF.PA  fall between 5% and 11%
    ** RBC estimates the impact on FY airport traffic to be at
least two low-season months of Chinese traffic decline at 30% or
max 10bps headwind on FY20 traffic for the most-exposed airports
    ** European luxury stocks also slump, with Kering  PRTP.PA ,
Burberry  BRBY.L  and LVMH  LVMH.PA  sliding 4-6%

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