(Bloomberg) -- Airline shares tumbled the most since the early days of the Covid-19 pandemic, as an emerging virus variant prompted travel restrictions and fears of crimped demand for flights. Most Read from BloombergBillionaire Family Feud Puts a Century-Old Business Empire in JeopardyAn Arab City’s Booming Art Scene Is Also a Grab at Soft PowerAsia’s Richest Man Looks to Walton Family Playbook on SuccessionThe 24-Year-Old Aiming to Dethrone Victoria’s SecretThe Winners and Losers From a Year o
The news sent British Airways owner IAG plummeting as much as 20% on the day to its lowest level since November 2020, it has recovered slightly and is now trading 10% lower.
Some fund managers have started to give up on Britain’s stock market. Professional investors were more pessimistic about the UK than any other market in the world this month, according to a survey by Bank of America Merrill Lynch.