Airlines stocks have taken a hit after the European Union imposed travel restrictions within the open market. The borders will stay open, but travelers will be asked to provide a negative test before leaving their country and required to quarantine when they enter a new member state. 

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• The EU parliament is now deciding whether they will require proof of vaccinations for future travel.
• Lufthansa's CEO announced that the company is currently losing $600K per hour due to the restrictions. 
• The new restrictions contravene the EU's policy of freedom of movement. This same principle has prevented a complete lockdown of national borders during the pandemic. 
• Stocks in the European travel and leisure industry fell an average of 2.8% in an hour following the announcement.