CHICAGO/SEATTLE—Shares in Boeing Co (BA.N) fell sharply for a second day on Thursday as sweeping U.S. travel restrictions on Europe, meant to curb the spreading coronavirus, heightened jitters about the company’s growing cash burn.
The 30-day travel restrictions, announced by U.S. President Donald Trump on Wednesday, are expected to deepen financial misery for airlines, which are likely to defer or cancel jet deliveries, Boeing’s main source of cash.
