"Thank you for this great post"
Arise and Shine
Travel shares down as markets react to swine flu, U.S. airlines waive fees for passengers traveling to Mexico, How does this effect business?
Travel shares down as markets react to swine flu
LONDON, England (CNN) -- Travel share values tumbled in markets around the world Monday, amid fears that the outbreak of swine flu in Mexico could turn into a global pandemic.
Photo:
http://i2.cdn.turner.com/cnn/2009/BUSINESS/04/27/swine.flu.markets/...
Officers check arrivals at Bangkok's main international airport as travel shares are hit by the swine flu outbreak.
However pharmaceutical and medical shares rallied, helping to save markets from big losses.
The FTSE in London, the Paris CAC 40 and Frankfurt's Dax 30 were all near even at the close, as was Wall Street's blue chip Dow and the tech heavy Nasdaq.
British Airways and Lufthansa shares were down 7.3 and 9.25 percent respectively, while cruise company Carnival was down 6.8 per cent and Thomas Cook 4.4 percent.
Travel agent Tui saw its shares drop by nearly 3.3 percent, while easyJet was 4.47 percent down and InterContinental Hotels Group was off 4.2 percent.
However, shares in drugs company surged. Roche had risen by 3.5 percent, GlaxoSmithKline 5.77 percent, AstraZeneca 3.7 percent and Sanofi-Aventis 2.4 percent.
Earlier shares in Asia had ended the day mixed. The Nikkei in Tokyo closed up 0.2 percent and Sydney's All-Ordinaries was up 0.6 percent. But the Hang Seng in Hong Kong fell by 2.7 percent and Seoul's KOSPI fell by 1.1 percent.
The swings in travel and medical stocks came amid fears that the Mexican economy will also fall victim to the outbreak.
China has already banned pork imports from Mexico, and from California, Kansas and Texas. Meanwhile Russia has banned all meat imports from Mexico and the southern United States.
On Sunday World Bank President Robert B. Zoellick said that it would give more than $205 million to Mexico to tackle the crisis.
Zoellick said in a statement on the bank's Web site that it would also advise Mexico with lessons learned from other governments during outbreaks of SARS and avian flu.
"Part of what we're doing is also connecting Mexico with other governments that have had this issue," Zoellick said.
On Sunday World Bank President Robert B. Zoellick said that it would give more than $205 million to Mexico to tackle the crisis.
Zoellick said in a statement on the bank's Web site that it would also advise Mexico with lessons learned from other governments during outbreaks of SARS and avian flu.
"Part of what we're doing is also connecting Mexico with other governments that have had this issue," Zoellick said.
"When a government gets hit by this, it moves fast. The best thing you can do is talk to somebody else who has been through this crisis"
The bank said in a statement that funds would be fast-tracked to be released within three to five weeks.
U.S. airlines waive fees for passengers traveling to Mexico
(CNN) -- Though the United States has not issued any travel warnings related to the swine flu outbreak in Mexico, major U.S. airlines are waiving fees for passengers who want to change their tickets to Mexico.
Continental Airlines said Sunday that it will allow passengers to reschedule or reroute their travel without charging them a fee -- if they are scheduled to fly to Mexico through May 6.
American Airlines is allowing customers to change their flights without penalty if they are flying to Mexico through May 6.
United Airlines is issuing a travel waiver to customers traveling to Mexico City through April 30.
And Delta Air Lines is waiving the change fee for customers traveling to Mexico through May 4.
On Saturday, US Airways said it would allow passengers to change plans if they wanted to because of the outbreak.
US Airways is not asking people to avoid Mexico, but wants to offer them flexibility if "they don't feel comfortable," spokeswoman Michelle Mohr said.
The U.S. Air Transport Association is in regular contact with the Centers for Disease Control and Prevention, said Katherine Andrus, an attorney for the airline trade association.
Airlines are following their own procedures in watching for sick passengers and crews have standard procedures for dealing with them, Andrus said. Any onboard communicable disease incidents must be reported to the CDC, she said.
"This is a time for appropriate precautions but not panic," she said.
What effect does Swine Flu have on Business?
LONDON, England (CNN) -- Travel share values tumbled in markets around the world Monday, amid fears that the outbreak of swine flu in Mexico could turn into a global pandemic.
Photo:
http://i2.cdn.turner.com/cnn/2009/BUSINESS/04/27/swine.flu.markets/...
Officers check arrivals at Bangkok's main international airport as travel shares are hit by the swine flu outbreak.
However pharmaceutical and medical shares rallied, helping to save markets from big losses.
The FTSE in London, the Paris CAC 40 and Frankfurt's Dax 30 were all near even at the close, as was Wall Street's blue chip Dow and the tech heavy Nasdaq.
British Airways and Lufthansa shares were down 7.3 and 9.25 percent respectively, while cruise company Carnival was down 6.8 per cent and Thomas Cook 4.4 percent.
Travel agent Tui saw its shares drop by nearly 3.3 percent, while easyJet was 4.47 percent down and InterContinental Hotels Group was off 4.2 percent.
However, shares in drugs company surged. Roche had risen by 3.5 percent, GlaxoSmithKline 5.77 percent, AstraZeneca 3.7 percent and Sanofi-Aventis 2.4 percent.
Earlier shares in Asia had ended the day mixed. The Nikkei in Tokyo closed up 0.2 percent and Sydney's All-Ordinaries was up 0.6 percent. But the Hang Seng in Hong Kong fell by 2.7 percent and Seoul's KOSPI fell by 1.1 percent.
The swings in travel and medical stocks came amid fears that the Mexican economy will also fall victim to the outbreak.
China has already banned pork imports from Mexico, and from California, Kansas and Texas. Meanwhile Russia has banned all meat imports from Mexico and the southern United States.
On Sunday World Bank President Robert B. Zoellick said that it would give more than $205 million to Mexico to tackle the crisis.
Zoellick said in a statement on the bank's Web site that it would also advise Mexico with lessons learned from other governments during outbreaks of SARS and avian flu.
"Part of what we're doing is also connecting Mexico with other governments that have had this issue," Zoellick said.
On Sunday World Bank President Robert B. Zoellick said that it would give more than $205 million to Mexico to tackle the crisis.
Zoellick said in a statement on the bank's Web site that it would also advise Mexico with lessons learned from other governments during outbreaks of SARS and avian flu.
"Part of what we're doing is also connecting Mexico with other governments that have had this issue," Zoellick said.
"When a government gets hit by this, it moves fast. The best thing you can do is talk to somebody else who has been through this crisis"
The bank said in a statement that funds would be fast-tracked to be released within three to five weeks.
U.S. airlines waive fees for passengers traveling to Mexico
(CNN) -- Though the United States has not issued any travel warnings related to the swine flu outbreak in Mexico, major U.S. airlines are waiving fees for passengers who want to change their tickets to Mexico.
Continental Airlines said Sunday that it will allow passengers to reschedule or reroute their travel without charging them a fee -- if they are scheduled to fly to Mexico through May 6.
American Airlines is allowing customers to change their flights without penalty if they are flying to Mexico through May 6.
United Airlines is issuing a travel waiver to customers traveling to Mexico City through April 30.
And Delta Air Lines is waiving the change fee for customers traveling to Mexico through May 4.
On Saturday, US Airways said it would allow passengers to change plans if they wanted to because of the outbreak.
US Airways is not asking people to avoid Mexico, but wants to offer them flexibility if "they don't feel comfortable," spokeswoman Michelle Mohr said.
The U.S. Air Transport Association is in regular contact with the Centers for Disease Control and Prevention, said Katherine Andrus, an attorney for the airline trade association.
Airlines are following their own procedures in watching for sick passengers and crews have standard procedures for dealing with them, Andrus said. Any onboard communicable disease incidents must be reported to the CDC, she said.
"This is a time for appropriate precautions but not panic," she said.
What effect does Swine Flu have on Business?
About
We are serious about your spiritual/physical health & well being~~~
Thank you for joining and adding value to the quest of the meaning of life/chayim
~Shalom/Welcome to SHEKINAH~LIFE'¬ Your hosts Jim and Terry Hamilton
B"H.
As The Zohar itself proclaims: "Woe unto those who see in the Law nothing but simple narratives and ordinary words .... Every word of the Law contains an elevated sense and a sublime mystery .... The narratives of the Law are but the raiment within which it is swathed."
Shalom to one and all/.....Your host:
Jim and Terry
http://ShekinahLife.ning.com/m (mobile)\
TZEDAKAH / donations
SHALOM ALEICHEM
join us here Shekinah~Life
Leaving Comments: The Comments section of ShekinahLife-is provided in the interests of free speech only.
It is mostly moderated, however comments that are off topic, offensive, slanderous, or otherwise annoying-and-or-spamming stand a chance of being edited or deleted
Enjoy your Journey~"Y&T"
Latest Activity
- Top News
- Everything
Rose sharon -shekinahlife
In the beginning of the "Zohar" the Article, the Rose,..it says: "Just as the rose among thorns is…
© 2025 Created by James and Terry Hamilton.
Powered by
