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Coronavirus crisis drags down Flybe, as Wall Street slides again – business live – The Guardian, Theguardian.com

Coronavirus crisis drags down Flybe, as Wall Street slides again – business live – The Guardian, Theguardian.com

European markets close lower

European stock markets have closed in the red, hit by coronavirus gloom.

ITV was the top faller in London, down 25% after warning that advertising revenue would fall % in April due to a plunge in travel adverts ).

Cruise company Carnival and holiday firm TUI

both tumbled 7.2%, with traders expecting much less demand for its services until Covid – (is under control.)

British Airway’s parent company, IAG , fell 5.3% after Flybe’s collapse showed the crisis facing airlines. IATA’s warning that a fifth of global revenue could be wiped out this year also drove its shares down.

Here’s the damage.

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