Travel and transport stocks nosedive as countries ban flights from UK
Travel, leisure and transport stocks were some of the biggest decliners in the market on Monday after a new variant of the coronavirus in the South East of England forced the UK government to introduce fresh lockdown measures.
British Airways owner IAG (IAG.L) slumped as much as 16% after the opening bell, with jet maker Rolls-Royce (RR.L) not far behind, down 14% in early trade.
Shares recovered slightly during the day but still ended firmly in the red. IAG and Rolls closed 8% and 3% lower, respectively.
EasyJet (EZJ.L) dropped 7% and Ryanair (RYA.L) lost 5%, while cruise-ship operator Carnival (CCL.L)