European airline shares fall as doubts over summer travel grow
Shares in European airlines and other travel companies fell on Monday, as rising coronavirus cases on the continent accelerated doubts over the summer holiday season. BA owner IAG dropped 8%, holiday airline Jet2 fell 7%, easyJet was 5% lower, while low-cost carrier Ryanair slipped 3% at the close in London after recovering from steeper losses at the open. The falls followed warnings from the UK government that a new wave of cases and lockdowns across large parts of continental Europe mean it is too early to book summer holidays, threatening a key source of revenue for the region’s battered carriers. Social care minister Helen Whately on Monday said she would advise people not to book summer holidays yet, because of the situation in Europe and the risk of new variants of Covid-19. “I would say to people, just hold off,” she said.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-23/general/european-airline-shares-fall-as-doubts-over-summer-travel-grow
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European airline shares fall as doubts over summer travel grow
Shares in European airlines and other travel companies fell on Monday, as rising coronavirus cases on the continent accelerated doubts over the summer holiday season. BA owner IAG dropped 8%, holiday airline Jet2 fell 7%, easyJet was 5% lower, while low-cost carrier Ryanair slipped 3% at the close in London after recovering from steeper losses at the open. The falls followed warnings from the UK government that a new wave of cases and lockdowns across large parts of continental Europe mean it is too early to book summer holidays, threatening a key source of revenue for the region’s battered carriers. Social care minister Helen Whately on Monday said she would advise people not to book summer holidays yet, because of the situation in Europe and the risk of new variants of Covid-19. “I would say to people, just hold off,” she said.<br/>
