European Airlines Gain as Rules Eased For Travel to U.K.
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.
Add Chart to Comment
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.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or