Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.
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.
|52 Week High||219.62p|
|52 Week Low||91.00p|
Compare performance with the sector and the market.
|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|