The Stocks Winning and Losing From Thomas Cook's Demise
- Shares of rival travel firm TUI jump as much as 11% in London
- Travel & leisure sector among day’s best performers in Europe
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The collapse of U.K. tour operator Thomas Cook Group Plc will be to the detriment of some stocks, but the benefit of many others.
Shares of rival TUI AG surged as much as 11% in London, while online peer On The Beach Group Plc gained as much as 9%, boosted by the prospect of reduced industry capacity. Budget airlines also rose, though one decliner was Webjet, the Australian travel group which has a hotel sourcing deal with Thomas Cook.