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European Airlines Gain as Rules Eased For Travel to U.K.

Stock MarketsSep 18, 2021 03:52
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By Dhirendra Tripathi

Investing.com – ADRs of European airlines traded higher Friday as the U.K. considerably relaxed rules for travelling to the country.

ADRs of EasyJet (OTC:ESYJY) and British Airways-owner IAG (LON:ICAG) traded around 4.5% higher each on OTC Markets. Deutsche Lufthansa (DE:LHAG) ADRs (OTC:DLAKY) were up 2%. Ryanair ADRs (NASDAQ:RYAAY) rose 0.5% on Nasdaq.

Beginning Oct. 4, passengers who have been fully vaccinated in Europe, U.S., Australia and several more countries will be able to enter the region without a need for any quarantine or tests.

Fully vaccinated travelers will instead be able to pay for a cheaper, but less sensitive, lateral flow test which can be taken quickly at home, according to a BBC report.

The amber and green lists of countries are being merged. This will also enable double-jabbed Britons’ quarantine-free travel to other countries. The red category, for countries the government advises against visiting, remains though that has been pruned.

Those travelling from red-list countries will have to book a day-two Covid test, to be taken after arrival in England. A passenger travelling from any country not mentioned in the lists will be treated as unvaccinated, even if fully-vaccinated.

The new system aims to reduce testing and costs for people, allowing more people to travel, BBC quoted Transport Secretary Grant Shapps as saying.

A person showing positive after a lateral flow test will be asked to take a second follow-up PCR lab test, which will be paid for by the NHS.

The restrictions have been simplified to aid the tourist industry, ahead of the autumn half-term break at the end of October.

 

European Airlines Gain as Rules Eased For Travel to U.K.
 

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