European shares fall as Lufthansa warning hits travel stocks

miércoles 11 de junio de 2014 06:53 GYT
 

* Airline stocks slump after Lufthansa warning

* Lufthansa down 14.7 pct, Air France falls 6 pct

* DAX drops back below 10,000 points

* FTSEurofirst 300 down 0.3 pct

* Traders see pullback as being short-lived

By Sudip Kar-Gupta

LONDON, June 11 (Reuters) - European equity markets fell on Wednesday as a profit warning from German airline Lufthansa hit travel stocks.

Lufthansa slumped by 14.7 percent in heavy volume after the company said it would not reach its profit targets for the next two years, and the fall in its share price dragged other airlines down with it.

Air France KLM fell 6.2 percent, International Consolidated Airlines Group dropped by 5 percent and the regional STOXX Europe 600 Travel & Leisure Index fell 1.8 percent - making it the worst-performing equity sector.   Continuación...