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Boeing, airline stocks fall as new Covid variants spur travel curbs

Passengers wearing protective face masks walk through the International Arrivals Hall after arriving at Terminal 2 at London Heathrow Airport.

Simon Dawson | Bloomberg | Getty Images

Boeing In pre-market trading on Friday, other travel stocks fell after several countries in Europe and Asia announced new travel restrictions from southern Africa for the new Covid variant.

The UK announced on Thursday that it will temporarily suspend flights from Southern Africa, Namibia, Lesotho, Eswatini, Zimbabwe and Botswana. The European Commission has recommended suspending travel between the EU and southern Africa.

The new restrictions highlight how new variants of Covid-19 can quickly disrupt travel, just as many airlines and aircraft manufacturers like Boeing are bright about the recovery in demand. doing.

Boeing stocks fell more than 6% in pre-market trading, Delta Air Lines 7% decrease, United Airlines It fell by 8%.Hotel giant Hilton It fell by nearly 5% ahead of the market opening.

The State Department and the White House did not immediately comment on a potential travel ban to the United States.

On November 8, the Biden administration lifted a widespread pandemic travel ban on most non-citizens visiting from more than 30 countries, including the United Kingdom, EU, South Africa and Brazil.

This story is developing. Please check for updates.

Boeing, airline stocks fall as new Covid variants spur travel curbs

Source link Boeing, airline stocks fall as new Covid variants spur travel curbs

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