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Let's take a look at some of the stocks on the move today here in Europe. I'm Caroline Hepkin. I'm joined by Bloomberg's Chloe Malay. We're still focused really on the fallout from the Middle East conflict, and investors have been reacting to this, especially around the flight disruptions and also what it just might mean for the broader industry traveler leisure industry, with air in particular one reacting.
Yeah, absolutely, and there's because we just cut its guidance because of that situation in the Middle East, so it had of course to suspend flights into the region, but it also has to absorb those higher fuel costs that are rising because of those oil prices spiking, and so of course all airlines are impacted. We've seen a major wave of flight cancelations, we've seen share prices across that
industry really struggle over the last few days. But what we've gotten from WIZ there is a real tangible earnings impact that they've disclosed. So it's not a negligible one. They've said they expect the disruption to hit net income by fifty million euros, and so that is quite significant. And some analysts are also saying that the impact could last and even deepen into their fiscal twenty twenty seven
as well. So that's bad news for Wizer itself. But then, as you say, it also doesn't bode well for the rest of that travel and leisure industry, and we might see more of those airlines coming out and clarifying the exact impact earnings impact of all of this in the next few days. Yeah.
Absolutely, Ryana shares I noticed are also down by three percent this morning in terms of oil prices and how that is affecting producers, including equanor. Yeah, we saw.
Oil companies down yesterday, but they're up to day. Yesterday we had a slight pullback and oil prices and the share prices of oil companies because of Trump's central plan for ensuring and escorting those oil tankers. But today it seems that the dominant narrative is that the conflict is going to last for quite a while and that energy supply disruption is therefore perhaps unavoidable. In there to stay.
So Trump say he was confident in the military campaign, but he did not clarify any kind of timeline around pledged to also intensify strikes in the coming days. All of that has led China to down major refiners, to suspend exports of diesel and gasoline. So all of that indicates that it will also prioritize domestic needs. So we're
seeing this disruption across global energy markets. This rush door was wanting to secure those oil reserves, and so because there's no resolution inside, the way that the market is reacting today is to put those oil producers in the green.
Okay. So those are stocks that are reacting to the news out of the Middle East. But there is other news. Indeed, Campari, in terms of the drink's business, an eventful day for that company.
Yeah, well, perhaps we all need a drink. Campari is providing exactly that. As the results came in ahead of expectations and Rbcnlist said that there was impressive revenue growth for the company. It's quite interesting given the context of
quite a difficult spirits market at the moment. If we look at peers, for example, Diajo just cut its guidance a few days ago, because it's really struggling to revive demand in the US and China's same for Penorica, which is facing the exact same challenges that slow down in those key markets. But Campari is rising above the rest. It's already been outperforming its peers, and the results only
widen that outperformance today. The reason why it can be attributed to maybe a few different factors, but some of what Anless have pointed to is a lot of investment in advertising, a lot of promotions as well, and now we're also approaching April weather, so that will be a bigger boost.
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