FTSE 100 falls 6% as coronavirus fears sees easyJet and British Airways issue jobs warnings

THE FTSE 100 has fallen 6 per cent this morning after coronavirus fears forced easyJet and British Airways to issue job warnings.

Airlines are struggling as a result of travel restrictions caused by the coronavirus pandemic, which has infected more than 170,000 worldwide.

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The FTSE 100 has fallen 6 per cent this morning

easyJet has announced its grounding 100 of its 344 aircraft across Europe, while British Airways is cancelling 75 per cent of its flights.

On Friday, British Airways also said it’d have to lay off staff in a “fight for survival” as its boss branded the fallout from coronavirus “more serious” than the SARS outbreak and 9/11.

At the time of writing just before 10am, the shares of Britain’s biggest companies are down 6.29 per cent.

More to follow…

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