President Biden has wasted absolutely no time during his first few days in office, signing a host of executive orders aimed at battling the pandemic.
While the majority of orders focused on speeding up vaccine testing and the manufacturing of protective gear for frontline workers, the president also took aim on air travel. Last week, Biden ordered all international air travelers to quarantine upon arrival in the U.S. and mandated that all inbound international passengers test negative within three days of arriving in the U.S.
But it appears he’s not done laying down the law of the skies just yet.
Joe Biden is now preparing to reinstate further travel restrictions against foreign citizens visiting from Brazil, the U.K, Ireland and most of Europe, as well as South Africa. These restrictions aim to crack down on the potential exposure to the new strains of COVID-19, a variant initially detected in the U.K. and South Africa, which is believed to be much more infectious than the initial strain, and less responsive to current, approved vaccines.
This means the airline industry, which has been hoping to puta devastating 2020 in the rearview, could now be even further from getting out of the woods. After news of the expected travel restriction today, shares of Southwest Airlines (LUV) and American Airlines (AAL) have already fallen more than 4%, while Delta Airlines (DAL) lost just over 3% and shares of United Airlines (UAL) fell 4.6%.