Travel and aviation shares tumble over new Covid variant fears

British Airways’ owner IAG the biggest faller among FTSE 100 stocks alongside Rolls-Royce

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Shares in travel and aviation businesses, including the British Airways owner, IAG, easyJet and the aero engine maker Rolls-Royce, plummeted on Friday over fears that a new coronavirus variant described as potentially the worst so far identified could lead to a new wave of global pandemic restrictions.

The emergence of the new variant, which was identified on Tuesday and is feared to be more transmissible and poses a threat to current vaccines, prompted the government to put six southern African countries back on England’s travel red list on Thursday night.

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from The Guardian https://ift.tt/3xo3dyP