The UK-listed airlines slumped on Thursday on a report that the UK government will not add new countries to its "green" travel list and remove a major travel destination.
According to the BBC, Portugal is being moved from England's green travel list to amber, meaning people can only travel there for essential reasons. No new countries will be added to the Green List and “other countries” will be added to the Red List, where travel is only permitted under extreme circumstances.
Shares in easyJet
and international consolidated airlines
each lost 5% while Wizz Air
each slipped nearly 3%.
The wider FTSE 100
weakened, down 0.9% as US stock futures soured on concerns over the Fed's bond purchase program.
The mining sector accelerated the retreat, with Fresnillo
drops by 4.8% and Antofagasta
B&M European Value Retail
fell 4% as the retailer said UK like-for-like sales fell 1% in the first nine weeks of fiscal 2022 as it forecasts a decline in margins for the year. In France, sales have been "good" since the lockdown ended on May 19. B&M more than doubled profits for the year ended March 27, with like-for-like sales growth of 24% in the UK.