Oil industry hit hard by new travel restrictions ...News

Russia Today - Economy
Oil industry hit hard by new travel restrictions
source : Russia Today ( News ) () 19
A slump in Europe’s travel industry could have a knock-on effect for oil and gas as lockdowns spread across Europe once again.  European airline shares plunged this week as Germany, France and Italy all announced new lockdown measures to be introduced over and beyond the Easter period. Vacation travel is also restricted until at least May across several countries including the UK, which is fining those who choose to travel without need £5,000 ($6,900) for breaching restrictions.  Sophie Griffiths, a market analyst at Oanda explained, “With no end in sight to the 'illegal' holiday restriction, it's difficult to be bullish on airlines.”

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