Airline stocks sink on new variant concerns

Saturday, Nov 26, 2022 0

Airlines and other travel stocks plummeted on fears a new Covid variant will hamper the travel industry’s recovery.

The European Union followed the UK in blocking flights from several countries in southern Africa including South Africa, Namibia, Lesotho, Eswatini, Zimbabwe and Botswana.

United and Delta Air Lines, which both fly to the African continent both saw double-digit declines. Delta has 35 scheduled flights between the U.S. and South Africa in December. Delta’s transatlantic partner Virgin Atlantic is cancelling flights from Johannesburg to the UK.

 

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TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.


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