Snow storm across UK hits airline stocks

Airline stocks were hampered by cancellations and delays on Friday as a blanket of snow spread across the UK.

Airline stocks were hampered by cancellations and delays on Friday as a blanket of snow spread across the UK.

Airports, roads and railways have all been hit by the flurry of wintery weather, which prompted the Met Office to issue a rare 'red' warning earlier in the day for Wales and the west of England. Areas 'red' warnings could potentially see up to 30cm of snow.

Meanwhile, 'amber' warnings were given for Northern Ireland and the majority of England.

Over 3,000 schools up and down the country are reported to have closed today, according to the BBC.

Heathrow Airport in London was forced to cancel 347 flights today, around a quarter of all scheduled,

Gatwick Airport was still operating as of 16:30, though the live message board showed around 30 delayed flights. However, the airport remained optimistic about weekend travel, saying on its official Twitter page: "The latest from the Met Office is that snow will stop later this afternoon and that there will only be flurries tomorrow. Clear on Sunday."

British Airways owner International Consolidated Airlines Group was among the worst performers on the FTSE 100 this afternoon.

BA's Twitter page sent this message out to customers: "Winter weather is forecast for the UK this w/end. We are offering those travelling the flexibility to change flights."

Shares in Irish airline Aer Lingus and budget operator Ryanair were also in the red.

Snow and blizzards are expected to remain over parts of the UK this weekend.

Recommended

Bunzl: boring is good for business
Share tips

Bunzl: boring is good for business

Food-service distribution company Bunzl is not a terribly exciting business, but it looks cheap and could be a great investment, says Rupert Hargreave…
30 Jun 2022
Five dividend stocks to beat inflation
Share tips

Five dividend stocks to beat inflation

During periods of high inflation, dividend stocks tend to do better than the wider market. Here, Rupert Hargreaves pick five dividend stocks for incom…
30 Jun 2022
Three Sharia-compliant growth companies
Share tips

Three Sharia-compliant growth companies

Professional investor Scott Klimo of the Saturna Al-Kawthar Global Focused Equity ETF tips three Sharia-compliant stocks.
30 Jun 2022
Why the cost of living crisis could be a boon for this cheap retailer
Retail stocks

Why the cost of living crisis could be a boon for this cheap retailer

Like many retailers, B&M is facing the dual headwinds of lower sales and higher costs as inflation bites. But its business model has proved hugely suc…
29 Jun 2022

Most Popular

Prepare your portfolio for recession
Investment strategy

Prepare your portfolio for recession

A recession is looking increasingly likely. Add in a bear market and soaring inflation, and things are going to get very complicated for investors, sa…
27 Jun 2022
Market crash: have we hit bottom or is there worse to come?
Stockmarkets

Market crash: have we hit bottom or is there worse to come?

For a little while, markets looked like they were about to embark on a full-on crash. And that could still happen, says Dominic Frisby. Today, he look…
27 Jun 2022
What the end of the 1970s bear market can teach today’s investors
Stockmarkets

What the end of the 1970s bear market can teach today’s investors

The 1970s saw the worst bear market Britain has ever seen, with stocks tumbling 70%. Things have changed a lot since then, says Max King. But there ar…
28 Jun 2022