UPDATE 2-U.S. clampdown on European travel heaps new coronavirus woes on airlines [Reuters]
American Airlines Group, Inc. (AAL)
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Source: Reuters
U.S. clampdown on European travel heaps new coronavirus woes on airlines LOS ANGELES/WASHINGTON (Reuters) - A clampdown on European travel to the United States will heap more pressure on airlines already reeling from the coronavirus pandemic, analysts said, raising the odds of government relief packages as billions of dollars of tourist spending vanish. The 30-day curbs from Friday, which exclude Britain, Ireland and other countries outside the European Schengen passport-free travel area, are similar to those that went into effect targeting China on Feb. 1. They come after the outbreak’s rapid spread across the European continent and in the United States. Combined with a fresh U.S. State Department advisory asking citizens to reconsider the need to travel globally, the move could create chaos at dozens of airports across Europe as passengers attempt a last-minute rush to fly to the United States before the ban takes effect. Flights from Europe can still operate to a limited number of
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