Airlines unhappy over UK reimposing quarantine on France, Netherlands
PARIS (Reuters) – Britain’s decision to reimpose coronavirus quarantines on France and the Netherlands has sparked dismay among airlines and airports struggling to overcome the industry’s worst crisis.
European airline shares tumbled on deepening concerns that the weaker than hoped travel recovery could yet stall or be reversed by new outbreaks and restrictions.
Shares in EasyJet , which is the most exposed carrier with UK-France routes accounting for 14% of capacity, dropped by 6.8%. The budget airline made no immediate schedule changes but said customers could cancel for free exchanges or vouchers.
With long-haul traffic flat-lining, Citi analyst Mark Manduca said, the new restrictions hit point-to-point leisure travel that had been viewed with more optimism and dented already fragile confidence in the broader travel sector.
