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After British Johnson plans to end the blockade, Tui, IAG, and Lufthansa share prices rose



The town of Ermoupolis (also known as Ermoupoli) is located on the Greek island of Syros.

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LONDON-European travel stocks soared on Tuesday morning because customers were eager to make new bookings after the UK announced its four-step plan to end coronavirus restrictions.

In early European trading, the share price of German travel group Tui rose nearly 7%. International Airlines Group, the owners of British Airways and Iberia Airlines, also soared by more than 6%, and Lufthansa̵

7;s share price rose by more than 4%.

The department has been severely hit by coronavirus restrictions and advises people not to travel abroad. If they do, they must fight against strict quarantine policies.

However, on Monday afternoon, British Prime Minister Boris Johnson announced his four-step plan, which would remove all social restrictions by June 21, which led to a surge in new bookings.

EasyJet said on Monday night that after the government announcement, UK flight bookings increased by 337% and holiday bookings by 630%. Tui also said that overnight bookings have increased by 500%.

People are eager to go there to see the world, and the suppressed things will come back. It is only a matter of time.

Keith Barr

CEO of IHG Hotels and Resorts

Greece, Spain, Turkey and Portugal are the main destinations for new bookings.

Johan Lundgren, chief executive officer of easyJet, said in a statement: “We have been seeing demand for travel have been suppressed, and the surge in bookings shows that the government’s signal that it plans to reopen travel has always been a habit of British consumers. Wait. “

TUI UK and Ireland managing director Andrew Flintham said in an email that the Prime Minister’s statement “is positive and shows that by working with the tourism industry to develop a risk-based framework, our customers will have Opportunity to travel abroad in summer.”

The UK will reopen schools from March 8 and remove the coronavirus restrictions in four stages, but the whole process will depend on the evolution of the epidemiological situation.

The government also stated that it is reviewing international leisure travel restrictions and will announce the changes on April 12.

Keith Barr, CEO of IHG, said: “We know that some customers want to travel, they are eager to go there to see the world, and the depressed situation will come back, it is only a matter of time.” Hotels and Resorts on Tuesday Tell CNBC’s Squawk Box Europe.

When asked about changes in positions in the industry, Barr said: “Should I take a three-day conference day trip from London to New York? Probably not, so this will have a certain impact on business travel. -Covid world, but he added: “But the vast majority of the legacy will be realized through this (crisis).”


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