European airline stocks in tailspin after Trump restricts travel in response to coronavirus outbreak

Credit Suisse analyst Neil Glynn said the transatlantic route was “the primary profit engine” for European airlines.With 20 per cent to 30 per cent of their passenger revenues coming from that route, Glynn highlighted the damage that would be inflicted in the coming weeks, and potentially well into the summer.

Air France KLM shares, which have lost nearly 60 per cent of their value since the coronavirus outbreak reached Europe, dropped another 15 per cent to August 2012 lows.

globebusiness Trump was working hard for the airlines. Not the health and safety of USA seniors.

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