Coronavirus: FTSE 100 loses £200bn in worst week for global stock markets since 2008 financial crash
Rival IAG, the owner of British Airways, has also seen a slowdown in bookings and ended the week down 24%The cruise operator Carnival saw its shares sink 19% over the week
The number of new infections being reported around the world now surpass those in China - shattering hopes that the epidemic would be short-lived and economic activity would return to normal. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said:"It is important for investors to understand that the actual sell-off is amplified by a general panic.But she added:"To us, it appears that the market has gone ahead of itself and a rebound should be around the corner.
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