On Monday, April 27, 2020, an Air Canada ticket counter in Terminal 2 at San Diego International Airport (SAN) in San Diego, California, USA will display a “ Temporary Closure ” sign. Air Canada is down the most since December 21. as the Canadian government is considering stricter measures to restrict travel to the country.
Photographer: Bing Guan / Bloomberg
Photographer: Bing Guan / Bloomberg
Air Canada fell a whopping 6.2%, the highest rate since Dec. 21, as the Canadian government is considering tougher measures to restrict travel to the country due to new variants of Covid-19.
Prime Minister Justin Trudeau and members of his cabinet have spoken openly about tightening rules to discourage international travel. The country requires everyone boarding a flight to Canada to pass a negative virus test, and most must also be quarantined for 14 days when they arrive. Those measures haven’t stopped some Canadians from taking winter trips to warmer destinations where travel isn’t as limited.
Deputy Prime Minister Chrystia Freeland reinforced warnings about international flights during a press conference on Monday.
“I cannot stress enough how important it is for all of us to just stay at home,” she said. “As for additional border measures, they are being actively considered.”
Shares of Montreal-based Air Canada fell 4.4% to C $ 21.12 at 2:24 PM in Toronto, the largest drop on the Bloomberg Americas Airlines Index with six members. Airlines are generally less concerned about the spread of new, more contagious varieties of the virus.
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– With the help of Kait Bolongaro