In early trading, European markets experienced a downturn, with travel stocks leading the decline. The temporary closure of London's Heathrow Airport, due to a fire at a nearby substation, significantly impacted the travel and leisure sector, causing a nearly 2.1% drop in stock prices within the sector.
International Airlines Group (IAG, Financial), the parent company of British Airways, saw its stock fall by approximately 3.4% as a result of the disruptions at Heathrow Airport. This incident has underscored the vulnerability of travel stocks to unexpected operational interruptions.