Thomas Cook’s collapse boosted shares in TUI and budget airlines easyJet and Ryanair on Monday as investors pinned hopes on the tour operator’s closure cutting capacity in the saturated European holiday market. At 0725 GMT, rival tour operator TUI was up as much as 8.4% at its highest since February, easyJet was up 6.1% and Ryanair was 2.6% higher, the three top gainers on the pan European STOXX 600 index. “Thomas Cook’s collapse likely brings bad news for holiday makers and UK/German governments, but takes capacity out and likely will boost shares most exposed to its markets,” said one dealer.

source https://finance.yahoo.com/news/thomas-cook-collapse-boosts-rival-065849565.html?.tsrc=rss