Travel stocks plunge after Portugal kicked off green list
Travel stocks plummeted as Portugal was booted from the UK’s low risk ‘green list’ and no other major holiday destinations were added. More than £2 billion was woied off the value of just a handful of major travel companies on the news.
These include TUI Group, easyJet, IHG, Ryanair and BA owner IAG. According to easyJet boss Johan Lundgren, the UK is now effectively ‘cut off from the rest of the world.’
Portugal goes to the ‘amber list’ from 8 June.
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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