European travel companies reliant on Americans’ heavy spending power faced a huge stock market selloff on Tuesday morning as Donald Trump's recession warnings pushed the lucrative international travel sector into turbulence.
Shares in Europe’s biggest airlines and travel groups, including British Airways owner IAG and KLM-Air France, faced heavy losses alongside a stock market wipeout in the U.S. Shares in IAG fell more than 5% in early morning trading in London, while Air France-KLM tumbled over 6%.
