Travel bosses plead for ‘regional air bridges’ to halt stock market rout

Travel bosses are pleading for ministers to exempt leading places these types of as Majorca and Ibiza from a new Spanish quarantine as it wreaked havoc throughout the sector on the first working day of the summer time holiday seasons.

Some £1.4bn was wiped off the worth of listed airlines and holiday firms immediately after passengers landing in the British isles from Spain ended up instructed they will have to self-isolate for two weeks because of to a surge of infections.

Market leaders are furious at the choice, which was imposed more than the weekend with no warning, and are now braced for a new hit to finances that have now been ravaged by the crisis.

Shares in IAG, the FTSE one hundred group that owns British Airways, plunged virtually 8pc.  EasyJet  also fell approximately 8pc, Jet2 proprietor Dart dropped 8.5pc and Ryanair fell far more than 3.8pc, with fears

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