American Airlines

Getty ImagesCopyright: Getty Images

Travel stocks have not had a good start to the day on Wall Street.

At 15:45, the Royal Caribbean cruise company had dropped by 7.29%.

Delta Airlines saw a fall of nearly 5%, down 2.26 points.

American Airlines was also down by 8.94%.

Some investors suspect that the travel industry will be badly hit by travel restrictions and a slowdown in business caused by the coronavirus outbreak.

The TimesCopyright: The Times

In the papers today - evidence seen by the BBC casts doubt on American Airlines' reason for two crew members falling unconscious, which the airline claims was due to "a spilled cleaning solution".

And in the Guardian, celebrity chef Jamie Oliver is apparently opening a new restaurant chain in southeast Asia, just six months after most of his British restaurants closed, with the loss of 1,000 jobs.

And the Trump administration has granted a new 90-day-extension enabling US companies to do business with Huawei “specific, limited engagements”, according to The FT.

Plus the Telegraph reveals findings from a Financial Conduct Authority investigation that an insurance boss made "secret payments" to his wife in order to dodge taxes. He has been fined £154,000.

And of course, the front pages of many national papers are covering the fact that businesses are cutting ties with Prince Andrew and his main charity, such as the Times.

Getty ImagesCopyright: Getty Images

US airline American has raised its estimate of the bill relating to the Boeing 737 MAX grounding to $540m (£419m), 35% more than it previously estimated.

The 737 MAX was grounded worldwide in March after two deadly crashes killed 346 people within five months.

In the latest quarter, American said it took a $140m hit to its pre-tax income because of cancelled flights.

American said net income rose to $425m in the three months to the end of September.

Total operating revenue climbed 3% to $11.91bn.