The spread in Europe of a more contagious form of Covid-19 is dashing hopes of recovery in air travel, with the head of a major airports operator warning that it could cut short any rebound. European travel shares rallied in the spring on bets the continent’s traditional summer holiday season would mark at least some recovery from the pandemic, which has decimated the industry. The stocks have since hit a rocky patch amid a resurgence of travel rules. Prospects for trans-Atlantic travel are clouded by uncertainty about U.S. rules for European travelers, he added. French Health Minister Olivier Veran on Friday warned the delta variant could lead to a new increase in infections, threatening to “spoil the holidays and spoil the summer."

Source: Mint July 04, 2021 15:33 UTC