Airline and travel shares soar on Brexit extension; markets see UK still in EU still by end of year

Shares in airlines, including Ryanair and Aer-Lingus-owner IAG, as well as travel giant TUI soared, as the threat of any disruption from Brexit was put off beyond the industry’s most profitable summer season.
The extension granted by EU leaders to the end of October for the UK to sort out its Brexit political crisis lifted the looming threat of major profit hit any shorter extension to the end of June may have entailed for the travel industry.