New Covid-19 Travel Restrictions Rattle Airline Industry, Hits Shares

Governments across Europe and Asia slapped new restrictions on flights and travelers from a swath of southern Africa, acting to stem the transmission of a new Covid-19 variant identified in the region.

The new travel bans are limited to flights coming from a handful of countries that typically encompass a relatively low percentage of international travel. Still, global airline shares fell sharply amid worry that the new variant could take hold elsewhere and lead to broader travel restrictions just as many parts of the world start to fly again.

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