Trump's European flight ban roils markets, spooks travelers

Source: Politico | March 11, 2020 | Kathryn A. Wolfe

As early as Tuesday, the airline industry had insisted that it didn’t need a “bailout,” but with a single executive order.

President Donald Trump’s suspension of European travel to the United States represents one of the most sweeping bans in the history of air travel, creating chaos in an already beleaguered industry and creating uncertainty for thousands of global travelers.

“We will be suspending all travel from Europe to the United States for the next 30 days,” Trump said, adding that the restrictions will be adjusted as necessary. He also noted that there will be “exemptions for Americans who have undergone appropriate screenings.”

As early as Tuesday, the airline industry had insisted that it didn’t need a “bailout,” but with a single executive order, Trump is wiping out thousands of airline routes and potentially stranding travelers far away from home if they can’t get on a plane by Friday at midnight. After his speech, though, the Homeland Security Department clarified that it wouldn’t apply to American citizens, legal permanent residents or their families.

A reporter for NBC 10 Boston tweeted soon after the announcement that dozens of people got up and left their plane that had been headed for Europe when they heard the news, worried that they wouldn’t be able to get back home.

Trump’s order to stop all travel from Europe to the United States will be the most severe disruption in airline travel since the Sept. 11 terrorist attacks — except it will last far longer, by an order of weeks. In the aftermath of the attacks, planes were grounded across the United States for just days, spurring Congress and then-President George W. Bush to enact a bailout worth $5 billion in immediate cash and $10 billion in loan guarantees.

During his speech, Trump said cargo would also be affected — but the White House later clarified that it would only apply to “people carrying cargo,” not all-cargo carriers.

Minutes after Trump’s Oval Office address, U.S. stock futures fell almost 900 points as investors absorbed the news.

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