Aviation shares receives a boost amid new travel rules in England

Published on : Saturday, September 18, 2021

Aviation

Aviation and travel business shares including the British Airways owner, IAG, Ryanair and the aero engine maker Rolls-Royce have received a boost amid latest news about the UK government’s planning to simplify England’s rules for international travel.

Aviation investors were elated by the latest changes that can possible remove dozens of destinations from the 62-country “red list”, the highest alert for international travel requiring 11 days of hotel quarantine on return.  

Ministers are also considering removing the amber list category of countries entirely, meaning there would be a clearer distinction between “go” and “no-go” destinations. Shares in IAG have reportedly jumped almost 7% on Friday afternoon, making the airline group the biggest riser on the FTSE 100, while shares in InterContinental Hotels Group, the owner of the Holiday Inn chain, were up 2%. Rolls-Royce was another big beneficiary among FTSE 100 stocks, rising more than 3%.

The relaxation of rules, which could include scrapping the requirement for fully vaccinated people to take PCR tests upon returning to the UK, also provided a boost to the package holiday group TUI, with a near 5% lift in shares making it one of the biggest risers on the FTSE 250 on Friday afternoon. EasyJet rose 3.4%, while rival airlines Ryanair and Wizz Air were up 2%.

WH Smith, which does strong trade from its operations in airports, had a 2% rise, while the Restaurant Group, which owns the Wagamama and Frankie & Benny’s chains, climbed 5%. Global conference organiser Informa, which has been hit particularly hard by the pandemic, saw a 2.5% bounce, while retailer Burberry climbed 1.8% on the back of hopes of the return of international tourism.

Under the current rules, fully vaccinated people arriving from green and amber list countries must take a Covid-19 test within the 72 hours preceding their return to England, and take a PCR test on or before their second day back.

Related Posts

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 ITB Asia 2021
  • 05 EMITT 2021
  • 08 iitm 2021
  • 18 globalwellnesssummit  21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. MCE South Europe

      October 24 - October 26
    2. ILTM Latin America

      October 26 - October 29
    3. wtm LONDON

      November 1 - November 3
    4. Taipei International Travel Fair

      November 5 - November 8
    5. TIS 2021

      November 10 - November 12