News Focus

Travel company shares take a hit as investors check out over Middle East fears

Hotels and airlines the biggest losers concerns over war in Israel and oil price hikes affect sentiment

Ryanair is seen as one of the safest investments in the commercial airline sector, as its direct exposure to the region is limited. Picture: Getty

Travel companies, and those in related industries, were among the big losers last week as investors became increasingly anxious over rising tensions in the Middle East.

Shares in Dalata, Ireland’s largest hotel group were down over 4 per cent in the five days to the end of last week.

British low-cost carrier EasyJet has seen its share price fall by over 8 per cent in the past week, while rival Ryanair is down over 5 ...