The “Temporary Closure” sign is displayed at the Air Canada ticket counter at Terminal 2 at San Diego International Airport (SAN) in San Diego, California, USA, on Monday, April 27, 2020. Air Canada fell more since December 21st. as the Canadian government considers tougher measures to limit travel to the country.
Photographer: Bing Guan / Bloomberg
Photographer: Bing Guan / Bloomberg
Air Canada fell to 6.2%, the highest since December 21, as the Canadian government considers tougher measures to limit travel in the country due to new variants of the Covid-19.
Prime Minister Justin Trudeau and members of his cabinet have spoken openly about tightening rules to deter international travel. The country requires anyone boarding a flight to Canada to test negative for the virus, and most must also be quarantined for 14 days upon arrival. These measures have not prevented some Canadians from making winter trips to warmer destinations, where travel is not so restricted.
Deputy Prime Minister Chrystia Freeland on Monday reinforced warnings against international flights.
“I can’t stress too much how important it is for all of us to stay home,” he said. “As for additional border measures, these are being actively considered.”
Shares of Montreal-based Air Canada fell 4.4% to C $ 21.12 at 2:24 p.m. in Toronto, the biggest drop in the six-member Bloomberg Americas Airlines index. Airline stocks are largely concerned about the spread of new, more contagious variants of the virus.
Read more: Airlines shares fall as virus cases rise, Merck leaves vaccines
– With the assistance of Kait Bolongaro