The suspension of flights from South Africa reduces European airline stocks

  • World
  • November 27, 2021

Shares of European airlines fell yesterday after international moves to impose restrictions on air travel from some South African countries emerged following the emergence of a new mutant strain of the “corona” virus. Shares of British Airways parent company IAGSA fell 21%, while German airline Lufthansa fell 14%.

In turn, “Air Ryan”, “Air France-KLM” and other European airlines recorded similar declines in their shares.

Yesterday, the German Minister of Health, Jens Young, announced that his country had decided to classify South Africa as part of the “Corona” mutations due to the new mutant “B.1.1529”. Effective from last night. He explained that only airlines would be allowed to repatriate German citizens from there to Germany.

If necessary, Span said, this would apply to South Africa’s neighbors as well.

In turn, the European Union announced plans to suspend flights from South Africa in light of growing concerns about a new strain of the “corona” virus spreading in South Africa.

European Commission President Ursula van der Leyen tweeted: “The federation is proposing, in close coordination with member states, to implement emergency brakes to halt flights from South Africa. New modified strain. ”The move comes just days after the EU revised its travel rules to facilitate travel between its member states.

For its part, Israel and Britain announced on Thursday that they would impose new travel restrictions in several African countries due to concerns about a new strain of the “corona” virus. Travel restrictions are another blow to the aviation sector, whose recovery process was hit by the fourth wave of corona epidemics this month, causing new series of closures in Europe.

See also  What do we know about the US "drone" that Russia shot down in the Black Sea?


Follow our latest local and sports news and the latest political and economic developments via Google News

Share

Print




  • Rolf Colon

    "Creator. Award-winning problem solver. Music evangelist. Incurable introvert."

    Related Posts

    • World
    • January 11, 2024
    • 1120 views
    Japan is inspired by creative ideas to build earthquake-resistant homes

    For more than a century, Japan has been able to build earthquake-resistant homes on this island known for its severe earthquakes. Last week, after a 7.5-magnitude earthquake hit Ishikawa Prefecture…

    • World
    • January 10, 2024
    • 903 views
    More than 23 thousand martyrs.. Gaza health announced the new death toll news

    Today, Wednesday, the Ministry of Health in Gaza announced that the death toll from the Israeli occupation has risen to 23,357 martyrs, with 59,410 injured since the war began on…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space