Easyjet and Carnival To Drop From The FTSE 100 Index

UK-based discount airline Easyjet PLC (LON: EZJ.L and US  OTC: ESYJY) and cruise company Carnival PLC (LON: CCL.L and US NYSE: CUK)  will drop from the FTSE 100 Index on June 19, according to a press release by FTSE Russell. This is a followup post to an earlier today where I discussed about Lufthansa getting kicked out of DAX Index.

After dropping from FTSE 100, Carnival will be added to the FTSE 350 Index.

The 5-year return of Easyjet and Carnival stocks trading on the US markets are shown in the chart below:

Click to enlarge

Source: Yahoo Finance

Despite a recent jump, both stocks are down significantly.

Airline and cruise sectors are high risk plays now as nobody knows when these industries will fully recover.

Disclosure: No Positions


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