31 JANUARY 2022


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Article from BTNews 31 JANUARY 2022

Airlines share boost

Two-thirds of Brits say an overseas holiday is a top priority this year, according to recent polls, with low-cost carriers expecting the ending of all Covid tests for double-vaccinated passengers from 11 February to be the catalyst for a rush for seats.
(See Entry rule changes in this week’s BTN.)

The London Stock Exchange is in a good mood when it comes to airline shares, an indicator of forward thinking.

All the prices below are for the end of the day last Friday.

The easing of restrictions in other European countries, including France, should provide an additional boost.

Easyjet said in a trading update that it will provide more flights than ever before from the UK to beach destinations this summer.

The airline flew around 50% of the number of 2019 flights in January but expects to be back at pre-pandemic levels by the end of this financial year.

Johan Lundgren, Chief Executive, said: “We believe testing for travel across our network should soon become a thing of the past”.

“We see a strong summer ahead, with pent-up demand that will see easyJet returning to near 2019 levels of capacity with UK beach and leisure routes performing particularly well”.

Listed here are the London Stock Market prices at closing last Friday v the lowest in recent times.

EasyJet  618.60
 (16/10/2020)  and a high of 1790.50

IAG  154.26
 (02/10/2020) and a high of 726.00

Jet 2  1275.00
 (15/05/2020) and a high of 1898.00

Ryanair   14.41
 (15.05/2020)  and a high of 18.69
(Dublin listing)

TUI  251.00
 (26/11/2021)  and a high of 1789.00

Wizz Air   4150.00
 (10/11/2017) and a high of 5500.00


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