International Consolidated Airlines (IAG)

Airline shares jump on US plans to lift Covid travel restrictions

British Airways’ owner IAG soared 11%, making it the top riser on the FTSE 100.

Travel stocks made significant gains on Monday afternoon as it emerged that fully vaccinated passengers will be able to travel to the United States from the EU and UK from November.

The Financial Times reported that the White House is set to announce a new travel policy, ending the 18-month travel ban put in place by former US President Donald Trump at the start of the pandemic.

Shares in IAG (LON: IAG) surged to the top of the FTSE 100 index, and by 15:00 PM, they were trading up 11% at 165.80p.

IAG shares just took off on reports the US is set to ease restrictions on UK and EU travellers,” said Neil Wilson, the chief market analyst at Markets.com.

Engine maker Roll-Royce was 4.3% higher at 115.81p, while budget airline easyJet was 2/3% firmer at 644.80p.

SSP Group, which operates food services at airports, saw its shares rise 6% to 282.30p.


Not Investment Advice Note: Views expressed are those of the writer. The author does not own any stocks mentioned. The article is information, not advice. Share prices can rise and fall. Past returns are not a guide to the future. Please do your own research.

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