Fear of a cloud of ash cloud the air sector in the stock market

The main airport of Iceland is expected to remain closed Monday for the second straight day because of the eruption of one of the most active volcanoes of the island, including the ash plume could reach Europe in midweek.

Experts believe however that there is little risk that the eruption of the Grimsvotn, located in the southeast of the country, causing paralysis total air transport in Europe, as was the case the year after that of the Eyjafjöll last.

The Stoxx Europe 600 travel and recreation sector index dropped 1.85% to 08: 15 GMT, while only Air France-KLM, Lufthansa, SAS and International Airlines Group (IAG) handing over between 3.43% and 4%.

Low-cost Ryanair company lost its 4.74% having said to rely on a lack of growth of its results for the fiscal year began April 1.

Its competitor EasyJet dropped 4.91%, companies low-cost being most vulnerable to a paralysis of the European sky due to their dependence on flights short mail.

Last year, the aircraft had been grounded for six days because of a cloud of volcanic ash from Iceland, cost 1.7 billion (EUR 1.21 billion) to the aviation industry.