- American Airlines is reportedly capping fares for travelers flying from Europe to the US.
- The move is reportedly a response to a 30-day travel ban declared by the US President Donald Trump Wednesday night, in response to the coronavirus pandemic.
- Visit Business Insider's homepage for more stories .
Chip Somodevilla/Getty Images
ADVERTISEMENT
American Airlines said on Thursday that it would cap fares for travelers flying to the US from Europe, following a travel ban declared by the US President Donald Trump in an address to the nation Wednesday night.
CNBC reported the news amid a market rout that saw American shares fall 11% before trading was halted.
Trump made the decision as the COVID-19 coronavirus outbreak worsens internationally and intensifies in the US.
ADVERTISEMENT
This is a developing story. Check back for updates.
NOW WATCH: Here's why most planes are white
See Also:
- Coronavirus fears are hammering automaker stocks, but the assembly lines are still running
- FAA moves to prevent 'ghost flights' of near-empty planes in the US by easing rules that put them at risk of losing their spots at airports
- Airlines may soon stop flying near-empty 'ghost flights' thanks to a potential European Commission rule change
FOLLOW US: On Facebook for more car and transportation content!