0858 GMT - Shares of European travel companies fell in early European trading following Delta Air Lines' first-quarter sales and profit warning. The U.S. airline cut its outlook for the first quarter of the year, citing soft domestic demand. In Europe, shares of Air France-KLM traded 5.8% down, while Lufthansa shares were 2.1% down. In London, IAG shares traded down 4.25%, leading the FTSE 100's list of fallers. Analysts at Jefferies say in a research note that they expect the performance of U.S.-exposed travel companies to be soft following Delta's warning. Shares of InterContinental Hotels Group for instance, where Jefferies estimates more than 45% of the company's sales is tied to domestic U.S. travel, trades down 2.7%. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 04:58 ET (08:58 GMT)
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