Wall Street shakes grim economic news

Three of the largest airlines operating from Britain have filed a legal challenge against the 14-day quarantine imposed by the UK government on many travelers arriving in the country on Monday. According to a statement, British Airways, easyJet and Ryanair want a “judicial review” of the measures, which aim to reduce the importation of the coronavirus into Britain, as soon as possible.

Airlines have said the quarantine, which carries heavy fines for those breaking the rules, “would have a devastating effect on UK tourism and the economy at large and destroy thousands of jobs.” The airlines also said the government had provided no scientific evidence that such a harsh policy was warranted.

As in many countries, Britain’s lockdown has dramatically reduced air travel, putting enormous financial pressure on airlines, some of which have estimated that air travel will not return to previous levels for two to three years. years. The quarantine was imposed as the government begins to ease other parts of the lockdown, including the rules on opening stores.

The government has argued that as the virus is brought under control, a quarantine will help stem imported cases.

Airline executives are increasingly vocal in their criticism of the UK government. Ryanair chief Michael O’Leary has rejected government recommendations that passengers check in as much baggage as possible to help prevent transmission of the virus.

In an interview with The Independent, Mr O’Leary called the advice “more nonsense” and said it was much safer for passengers to keep their luggage rather than hand it over to baggage handlers.

  • Lululemon, the high-end sports brand, said Thursday its first-quarter sales fell 17% to $ 652 million, showing that even manufacturers of comfortable and stretchy clothing were not spared during the pandemic. The company said as of June 10, 295 of its 489 stores had reopened and online sales accounted for more than half of its revenue in the first quarter, up from 27% in the same period of the year. last. Yet unlike most other retailers, it managed to post a profit of $ 28.6 million.

  • Boeing asked a major parts supplier for its ailing 737 Max to stop work on four Max fuselages and not start work on 16 more, scheduled for delivery this year, according to the supplier, Spirit AeroSystems. Based on that request and subsequent correspondence with Boeing, Spirit said it plans to cut its planned work on 125 of the jets and put some project workers on leave for three weeks from Monday.

Reporting was provided by Karen Weise, Vanessa Friedman, Paul Sulivan, Gregory Schmidt, Stanley Reed, Mohammed Hadi, Michael J. de la Merced, Alan Rappeport, Kevin Granville, Sapna Maheshwari, Liz Alderman, Kate Conger, Paul Mozur, Carlos Tejada, Michael Ives and Niraj Chokshi.

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