Massive Shock and Battered Airline Stocks in Europe With Trump’s Travel Ban
President Trump’s abrupt decision to shut America’s borders to most European travelers sowed chaos at the Continent’s airports and at travel-related businesses Thursday, as airlines scrambled to figure out how to halt flights to the United States and governments warned of potentially devastating financial costs.
French Finance Minister Bruno Le Maire spoke of a “massive shock,” and European officials reacted angrily after Mr. Trump late Wednesday announced that he would suspend travel from Europe to the United States for 30 days starting Friday, with the exception of Britain. The State Department warned Americans that they should reconsider all international travel, the most severe caution it can offer short of “do not travel.”
“The coronavirus is a global crisis, not limited to any continent, and it requires cooperation rather than unilateral action,” the European Commission said. “The European Union disapproves of the …continued .
[Source: New York Times]