🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Travel stocks higher on quarantine free travel hopes

Published 01/07/2021, 11:26
Updated 01/07/2021, 11:29
© Reuters.
EZJ
-
0RYA
-
ICAG
-
WIZZ
-

By Samuel Indyk

Investing.com – UK travel stocks were trading higher on Thursday on hopes that fully vaccinated passengers would be able to bypass Covid-19 quarantine requirements on their return to England from 'amber' list countries.

The Times reported that government ministers are aiming to introduce quarantine free travel for fully vaccinated travellers by 26th July, the first full week of the school holidays.

The news comes ahead of a meeting between German Chancellor Angela Merkel and UK Prime Minister Boris Johnson later this week.

Merkel has been vocal in her position to dissuade UK passengers from travelling to the EU and has called on the rest of the bloc to reach a common position on British travellers. However, Spain was said to be against plans to ban those arriving from Britain, despite the spread of the Delta variant.

Under current plans, anyone travelling from the UK to Germany must quarantine for two weeks, even if they are fully vaccinated. Other European countries, including Italy and France, have similar quarantine rules in place.

Vaccinations

The optimism for international travel comes amid signs that the vaccinations are working. It appears the link between rising cases and hospitalisations and death has been weakened.

“We're definitely seeing increasing infection rates, but what we're seeing is a much lower level of hospitalisation,” said Peter Horby, chair of the government’s New and Emerging Respiratory Virus Threats Advisory Group on Sunday.

“So that link is really, really much weaker which is really fantastic but it's not completely broken.”

The news that international travel could resume for the summer has lifted shares in airlines such as IAG (LON:ICAG), Ryanair (LON:RYA), Wizz Air (LON:WIZZ) and EasyJet (LON:EZJ).

However, there must be a note of caution, and if Merkel’s meeting with Johnson fails to provide hope that European restrictions will be lifted, then the prospect of UK travel to Europe this summer will diminish.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.