Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Airlines in focus as UK traffic light system set to be scrapped

Stock MarketsSep 08, 2021 10:12
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Samuel Indyk

Investing.com – Budget airlines based in the UK were trading higher on Wednesday morning after reports suggested that the UK is set to end its traffic light system for international travel on 1st October.

Paul Charles, founder and CEO of the PC Agency, tweeted that the government’s traffic light system is expected to be scrapped for a simpler model, where countries are either Red or not.

Under the current system, travellers returning from Red list countries currently have to quarantine for 10 days at a government approved hotel at their own cost. The rate is currently £2,285 for one adult.

Countries on the Red list are seen as high risk and that currently includes Turkey, Brazil, and South Africa.

If the government decides to scrap the current Amber and Green lists it would likely mean the second category for fully-vaccinated passengers would still require pre-departure tests and a PCR test upon returning to the UK.

Travellers who are not fully-vaccinated would likely still need to quarantine and test upon returning but it is not clear to what extent that would be.

The simpler rules would likely be welcomed by airline bosses, who have previously criticised the government’s traffic light system.

“The traffic light system needs to be scrapped,” Ryanair boss Michael O’Leary said last week. “This monstrously stupid system, that requires passengers from Europe to be double vaccinated and get a PCR test, doesn't help deal with the Covid problem.”

Shares in Ryanair (LON:RYA) were trading higher by 1.3% in early trade.

Other airlines were also trading higher, particularly those in the budget sector. EasyJet (LON:EZJ) shares were up 1.9% and Wizz Air (LON:WIZZ) shares were trading higher by 0.9%.

British Airways parent IAG (LON:ICAG) saw its shares rise 0.3%.

Airlines in focus as UK traffic light system set to be scrapped
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email