“Boeing, airline stocks tumble as new Covid variant spurs travel curbs”
November 26, 2021
“Boeing, airlines and other travel stocks tumbled on Friday after several European and Asian countries announced new travel restrictions from southern Africa because of a new Covid variant. The U.K. on Thursday said it would temporarily suspend flights from South Africa, Namibia, Lesotho, Eswatini, Zimbabwe and Botswana. France and Italy announced entry restrictions from the region. The European Commission recommended a pause on travel between the EU and southern Africa.
The new restrictions highlight how quickly officials can limit travel as new variants of Covid-19 are detected. Airlines and aircraft manufacturers like Boeing have been upbeat about a rebound in travel demand, particularly after the U.S. lifted entry restrictions earlier this month…”
The lockdowns and restrictions are destroying the economy.