• Opinion: A technical look at the devastated tourism sector

The sprouts of Covid in Spain in the middle of the high summer season weigh down on Monday the tourist companies of the Ibex . The selective, which has started with falls a week in which more than half of the values ​​will present their results, yields by mid-morning 1.2%, on the verge of losing 7,200 points. It is his fourth consecutive session of declines.

The decision of the United Kingdom to impose a quarantine on Spanish citizens who go to the country, as well as the suspension of tourist packages to Spain by tour operators such as TUI, takes its toll on companies in the sector, especially IAG.

The group that owns airlines such as Iberia, Vueling or British Airways plummets more than 9%. The company presents next Friday the results of what is probably the worst quarter in its history .

Uncertainty also hits hotel chains. Meliá's shares pointed to a drop of more than 7% and Amadeus also lost 4%. Aena, which also presents its results this week, yields more than 2%.

Impact on airlines

The airline sector is one of the most affected, as both the outbreaks, as well as London's decision to impose a quarantine on citizens who come from Spain and France's recommendation not to travel to Catalonia, are causing a wave of cancellations.

The airlines are operating only 40% of flights compared to last year, but the occupation of the devices is scarce, around 20%, according to data from the Association of Airlines (ALA).

Low-cost airline Ryanair , which has presented its accounts today, has acknowledged that it does not know when it will again register benefits. The airline registered losses of 185 million euros between April and June (its first fiscal quarter). So 99% of its flights were on the ground due to mobility restrictions as a result of the pandemic.

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