The crash involving Germanwings Flight 4U 9525 which was travelling from Barcelona to Dusseldorf is thought to have claimed the lives of all 150 people on board. The Airbus A320 went down over the French Alps earlier today, and French President Francois Hollande has already stated the likelihood that all those on board lost their lives.
The flight which was carrying 144 passengers and six crew came down at 11.20 am. The plane was carrying citizens from Spain, Germany and Turkey when it crashed close to the town of Alpe de Haute- Provence.
Germanwings is a low cost affiliate of German carrier Lufthansa. The group CEO, Carsten Spohr, posted a tweet expressing his sadness at today’s events. “If our fears our confirmed, this is a dark day for Lufthansa. We hope to find survivors.”
Airbus also posted a tweet expressing condolences to the families of those on board: “Our thoughts are with those affected by this tragic event.”
Shares in both Lufthansa and Airbus dropped as a result of the tragedy, with prices down 4.6% and 2% respectively.