Airline and travel inventories skyrocket as Britain abandons quarantine due to double jab arrival

NS

A frustrating summer that changes from moment to moment quarantine The rules were put on one side today Airlines Stock prices skyrocketed due to profitable transatlantic trade and potential returns on European trade.

The expected reopening of the UK border to fully vaccinated travelers from the US and EU, led by British Airways owner International Airlines Group, has a 4% share in the FTSE 100 Index or The jump from 7.4p to 182.7p caused a wave of purchases.

Investors have been in a similar position before, and expectations for recovery have been shattered. In other words, good-quality stocks are still trading below the level of a month ago.

The prospect of more countries being added to the UK traveler’s destination green list has also heightened sentiment, even if these changes were too late to make a difference in many summer vacation plans.

In the FTSE 250 Index, easyJet surged from 5% or 39.2p to 888.6p, continuing its recent recovery. Meanwhile, Wizz Air rose from 5% or 249p to 4,908p after becoming the first EU carrier to predict a return to pre-pandemic capacity. August.

Luton-based Wiz said today that demand recovered on the European continent, carrying 90% of pre-Covid level passengers in July.

Airline optimism and a decrease in Covid-19 case numbers have boosted many other reopening stocks. The largest is the UpperCrust owner SSP after adding 17.4p to 270.1p.

The UK-focused benchmark continued to outpace the FTSE 100 Index, which rose 13.34 points to 7,009.41, and the FTSE 250 Index rose 188.55 to nearly a record of 23,066.42.

Packaging company Smartfit Kappa rose from 27p to 4,076p after the online shopping boom caused an 8% increase in half-year profits. The Dublin-based company faces significant cost pressures that it plans to recover through wavy price increases.

Airline and travel inventories skyrocket as Britain abandons quarantine due to double jab arrival

Source link Airline and travel inventories skyrocket as Britain abandons quarantine due to double jab arrival

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