Easy & Carnival Cruises to lose their place in FTSE 100 INDEX | UK Market Update

  • Jun 03, 2020 BST
  • Team Kalkine

EasyJet and cruise operator Carnival are set to lose their place in the FTSE 100 index of the UK’s biggest companies following the collapse in their share prices due to the coronavirus pandemic’s impact on the travel industry. The budget airline has lost half of its market value since the start of the pandemic as almost all flights have been cancelled, and the aviation industry warns it will take years to convince people to take to the skies in the same numbers they did before the virus struck.

Retail prices last month suffered their biggest monthly drop since 2006, according to the latest data. Clothing and furniture retailers were among those discounting heavily in an effort to attract shoppers and survive the coronavirus crisis. The pandemic forced non-essential shops to close in March in an effort to limit the spread of the virus, although many have been able to operate online. For most, the restrictions are set to be eased on 15 June.

P&O Cruises announced that it won't be going out to sea until October 15 while it focuses on working closely with public health bodies. In a bid to approve further health and safety protocols across the company and "still give guests an amazing holiday", all customers who were booked on these cancelled sailings will receive an enhanced Future Cruise Credit.

#EasyJet #Cruise #ftse100 #Kalkine

 


Disclaimer
The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

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