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Airline stocks hit hard as fears grow over Indian variant of Covid-19 Global markets tumble with stocks in banks, leisure, and tourism all falling
about 3 hours ago Updated: about an hour ago
Markets around the world fell on Tuesday as a new Indian strain of Covid-19 sparked fresh fears for the easing of public health measures to curb the spread of the virus.
DUBLIN
Euronext Dublin was down just over 2 per cent on Tuesday as airlines in particular bore the brunt of the Covid-19 fears. Aer Lingus owner
International Airlines Group lost more than 8 per cent of its share price, while
Spanish flag-carrier Iberia has announced an ambitious summer program, resuming scheduled flights to many past destinations and adding capacity on its busiest routes as more travel restrictions lift.
Several domestic trunk routes are expected to reach 2019 capacity levels again. In the third quarter of 2021 full-service carrier Iberia, LCC Iberia Express and Iberia Regional/Air Nostrum will together fly to a total of 112 destinations, 24 of which will be long-haul.
“This summer we’re making a large bet on recovery,” Iberia executive chairman Javier Sánchez-Prieto said.
“As a country, we can’t afford to lose two whole seasons, so we must make every effort to save the coming one.”