Flight restrictions impact airlines on the Stock Market

This Monday Delta Airlines returned to Seattle a plane that flew to Shanghai last week due to the new sanitary restrictions demanded at the airport, a decision criticized by the Chinese authorities.

“In order to comply with the cleaning conditions at the Shanghai Pudong International Airport (PVG) that were decreed by the Chinese government on December 21, flight 287 from Seattle to Shanghai returned when it was already on its way,” he informed this Monday to the AFP a company spokesman in an email.

Airlines around the world canceled thousands of flights in recent days because many pilots and crew members are ill or quarantined from the highly contagious Omicron variant of Covid-19.

Many authorities have also tightened restrictions, particularly the Chinese, with less than 40 days to go before the start of the Beijing Olympics.

Shares of U.S. airlines and other travel-related companies fell on Monday, as the surge in Omicron cases and weather-related problems forced them to cancel hundreds of additional flights, leaving travelers blocked across the globe. country during the holidays.

The price of Deltas Airlines shares fell 0.76% on Monday, those of United Airlines 0.65%, while American Airlines shares fell 0.49% on the United States stock market.

Highs on Wall Street

The S&P 500 Index closed Monday at a record high, in its fourth session of gains, as strong retail sales data underscored the strength of the economy and eased concerns about flight cancellations due to the spread of the Omicron variant. of the coronavirus.

The S&P 500 index reached 4,791.19 points, an increase of 1.38%, the Dow Jones index gained 0.98% to 36,302.77 points. The Nasdaq technology advanced 1.39% to 15,871.26 points. The Mexican Stock Exchange (BMV) closed this Monday with an advance of 0.77%, equivalent to 406.18 points, so its main indicator, the Price and Quotation Index (IPC), closed at 53,259.56 points and the Institutional Stock Exchange (BIVA) closed at 1,100.43 points with a rise of 0.76% on the day.

(With information from Agencies)

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