Travel stocks plummeted as Portugal was booted from the UK’s low risk ‘green list’ and no other major holiday destinations were added. More than £2 billion was woied off the value of just a handful of major travel companies on the news.
These include TUI Group, easyJet, IHG, Ryanair and BA owner IAG. According to easyJet boss Johan Lundgren, the UK is now effectively ‘cut off from the rest of the world.’
Portugal goes to the ‘amber list’ from 8 June.
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