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Share Price:
Down 191.90p
Change Today:
-1.74p
Market Cap:
9,539m
Sector:
Travel & Leisure

Travel stocks brush off possible delays in reopening of non-essential travel

By Alexander Bueso

Date: Tuesday 06 Apr 2021

LONDON (ShareCast) - (Sharecast News) - London-listed travel stocks were taking news that the UK's planned lifting of restrictions on non-essential travel could be pushed back in their stride.

The day before, the Prime Minister warned that rising numbers of Covid-19 infections across the Continent might warrant postponing the loosening of travel curbs scheduled for 17 May.

However, Johnson did also say he hoped that would not be necessary.

"But I do not wish to give hostages to fortune or to underestimate the difficulties we're seeing in some of the destination countries people might want to go to," Johnson said at a press conference on Monday.

"We don't want to see the virus being re-imported into this country from abroad."

Plans to reopen restaurants, pubs and shops in England on the other hand would go ahead as expected, Boris Johnson added.

A government task force on global travel was due to publish details of the so-called 'traffic -light' system that would be used to grant or deny travel to and from countries.

It was expected to take into consideration multiple factors, including levels of virus infections and vaccination levels with the actual decisions on restrictions to be adopted on the basis of the evidence available closer to the time.

Travellers to and from countries on the red and amber lists would be subject to quarantine and self-isolation rules.

Those from countries on the green list would need to take virus tests before arrival and departure.

Airlines were however reportedly unimpressed by the new measures, arguing that the new rules remained unclear and that excessive regulations would hamper travel to even low-risk destinations.

They also warned of the financial impact on the sector that a second lost summer season might have.

As of 0834 GMT, shares of IAG were climbing 3.13% to 216.1p, alongside a similar rise in those of TUI AG.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IAG Market Data

Currency UK Pounds
Price 191.90p
Change Today -1.74p
52 Week High 219.62p
52 Week Low 91.00p
Volume 27,784,905
Shares Issued 4,970.69m
Market Cap 9,539m
Beta 0.05

Performance Indicators

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What The Brokers Say

Strong Buy 15
Buy 3
Neutral 10
Sell 0
Strong Sell 0
Total 28
buy
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IAG Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-19 04-Jul-19
Paid 02-Dec-19 08-Jul-19
Amount 14.50¢ 16.50¢

Trades for 13-May-2021

Time Volume / Share Price
16:35 3,395,527 @ 191.90p
16:29 650 @ 192.09p
16:29 26,233 @ 191.98p
16:29 976 @ 192.04p
16:29 848 @ 192.04p

IAG Key Personnel

CEO Luis Gallego