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UK-listed airlines rally as travel rules are relaxed


Shares of UK-listed airlines saw a broad rally early in Friday as the UK government announced further easing of overseas travel restrictions.

The new rules will allow fully vaccinated travelers to take cheaper lateral flow tests rather than the more expensive PCR tests when they return to England and Wales – Scotland has its own regulations. This is for all countries that are not on the government’s “red list”.

Importantly for the travel industry, the more flexible instructions will take effect on October 24, in time for the October holidays in the UK which runs from October 25 to 29.

“This is great news and we are delighted to have crossed the line in time for the crucial mid-term period, which will be a huge relief for families desperate to leave this fall,” said Tim Alderslade, CEO of Airlines UK. , the industry body representing UK registered carriers.

“Passengers who have been vaccinated can rest assured that they do not need to book or have an expensive PCR test upon their return to the UK, which will further reduce the cost of travel.”

RESUMPTION OF THE SECTOR’S ACTION

UK-listed airlines all saw their stock prices rise on Friday in response to looser rules, led by BA owner’s gains of around 3% Consolidated international airlines (AIG) and low cost carrier EasyJet (EZJ), at 182.3p and 649.8p respectively.

Ryanair (RYA), Wizz Air (WIZZ) and Jet2 (JET2), which also offers package holidays, have all made headway in hopes of an increase in last-minute bookings in time for school vacations.

The latest update follows in the footsteps of last week’s announcement when the government also reduced the number of countries on the red list and removed the complicated traffic light system for international arrivals.

“This adds to the positive news from last week with the substantial reduction of the Red List and the announcement of a new mutual recognition of vaccines, and together this is a big step forward that will support the desperately needed recovery of our industry, “added Alderslade. .


Date of issue: October 15, 2021


Cory E. Barnes

The author Cory E. Barnes

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