• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

Biden says he doesn’t expect more travel restrictions or lockdowns as Covid omicron variant spreads

by
November 29, 2021
in Breaking News
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Related Posts

Nvidia’s New AI Supercomputer Is a Game Changer. Google, Meta, and Microsoft Will Be First Users.

Is the Stock Market Open Today? Here Are the Trading Hours for Memorial Day.

Salesforce, Lululemon, Broadcom, Chewy, HP, and More Stocks to Watch This Week

The Bank of England has lost control of inflation – and we all face a terrible price

President Joe Biden on Monday said he doesn’t expect the U.S. to impose additional travel restrictions to stem the spread of the coronavirus omicron variant, sending some airline stocks higher.

Airline and aerospace stocks fell sharply on Friday after several countries reported cases of the omicron variant and established new travel restrictions. The U.S. on Monday began to temporarily bar visitors from South Africa, where scientists first reported the strain, and from Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique, and Malawi.

The degree of the variant’s spread will determine whether more travel restrictions are necessary, Biden said at a news conference Monday.

“I don’t anticipate that at this point,” he said. The president also said he doesn’t think lockdowns are necessary.

The new rules come three weeks after the U.S. lifted strict pandemic travel rules that prohibited entry to foreign visitors from the U.K., Brazil, India, South Africa and nearly 30 other nations. Airline executives said bookings surged after the administration set a date to lift the rules, which were first put in place early in the pandemic.

Reports of omicron cases span from Israel to Hong Kong and Canada. Israel and Japan implemented some of the strictest travel bans, temporarily prohibiting foreign visitors.

Domestic travel has rebounded sharply this year after vaccines were widely disrupted and cities eased pandemic restrictions. U.S. airlines had some of their busiest days since February 2020 over Thanksgiving week.

Large network airlines are heavily reliant on long-haul international travel. Executives have been particularly upbeat about the return of trans-Atlantic trips in 2022, but additional travel restrictions could slow that segment’s recovery.

United Airlines was up 1% in afternoon trading, gaining after Biden’s remarks. Delta Air Lines and American Airlines were little changed, recovering from the day’s lows.

Discount carriers that don’t have trans-Atlantic or other long-haul international service rose even more, with Spirit and Sun Country each up more than 3%.

Next Post

Hedge-fund investor who made $2.6 billion on pandemic trades says omicron could be bullish for stock market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Nvidia’s New AI Supercomputer Is a Game Changer. Google, Meta, and Microsoft Will Be First Users.

by
May 29, 2023
0

Read more

Nvidia’s New AI Supercomputer Is a Game Changer. Google, Meta, and Microsoft Will Be First Users.

Is the Stock Market Open Today? Here Are the Trading Hours for Memorial Day.

The Bank of England has lost control of inflation – and we all face a terrible price

Salesforce, Lululemon, Broadcom, Chewy, HP, and More Stocks to Watch This Week

Wall Street’s Best Analyst Suggests 2 Semiconductor Stocks to Buy — Here’s What Makes Them Stand Out

How to Make Money With Warren Buffet’s Cigar Butt Investing Method

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

moneyprofitnews