Boeing shares plummet after new U.S. travel restrictions

Business

FILE PHOTO: The company logo for Boeing is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermid/File Photo

CHICAGO (Reuters) – Shares in Boeing Co (BA.N) dropped more than 16% on Thursday on increased concerns over a fallout from news of sweeping U.S. travel restrictions on Europe meant to curb the spread of coronavirus.

The 30-day travel restrictions, announced by U.S. President Donald Trump on Wednesday, are expected to deepen the financial misery for airlines, which are Boeing’s main customers.

Reporting by Tracy Rucinski; Editing by Marguerita Choy

Products You May Like

Articles You May Like

World Tour to resume with Taipei Open in September, says BWF
UK to introduce quarantine for international arrivals from June 8
Trump says U.S. to take action on China over Hong Kong this week
Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News
League proposes steep cuts to players’ salaries for return of games: ESPN

Leave a Reply

Your email address will not be published. Required fields are marked *