Wyn Thomas - Axys Investment Management

Weekly Market Update 20th May 2016

EGYPT AIR TRAGEDY SPELLS NEW FEARS FOR TRAVEL INDUSTRY

This week was marked by the harrowing news of the downing of an EgyptAir flight on early Thursday morning. According to Egyptian officials, the tragedy over the Mediterranean sea was likely the work of a terrorist attack rather than a technical fault. It is therefore the latest incident to hurt the travel industry, with consumer confidence struggling significantly over the past twelve months, as security threats hurt profitability. Read More….