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14.12 - 06:33
Travel and aviation shares tumble over new Covid variant fears
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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.
Flights from South Africa, Namibia, Zimbabwe, Botswana, Lesotho and Eswatini are to be suspended from midday on Friday. Officials are also reviewing a number of travel measures, including
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