Green List announcement causes turmoil easyJet, Tui, Wizzair
The announcement of the green list is causing turmoil in the actions of easyJet, Tui, Wizzair and Ryanair.
Thousands of British holidaymakers have flocked to businesses and airlines to book vacations in the 16 new destinations added to the government’s green list on Friday, June 25.
However, the same could not be said of investors, who responded negatively to the announcement, as the shares of those companies did not “take off” in a vote of no confidence that broadly matches the response of the companies themselves. themselves, who were very critical of the government’s cautious approach to travel.
Shares of British Airways owner IAG closed 4.7 percent, or 2.45 percent, to 187.48 percent; EasyJet drops from 14.4p to 955p, Ryanair from 0.22 cents to 16.4 euros, TUI from 4.6p to 405.6p and Wizz Air from 60p to 5,018p.
Michael Hewson, chief market analyst at CMC Markets UK, said: “The addition of Malta, Madeira and the Balearic Islands to the green list, as well as an indication that the government is considering dropping quarantine rules for fully vaccinated UK residents returning home from Orange List countries later in the summer did not have a positive impact on the travel industry today.
“The government has once again been criticized for its cautious approach to easing restrictions on overseas travel, especially compared to the EU, which is opening more quickly, as l ‘it is feared that time seems to be running over the 2021 holiday season.
UK airlines reacted to the government’s latest green list with little optimism, insisting that it was “just not enough”. Airlines such as Ryanair, Tui, Jet2 and easyJet expected more countries to be added to the green list and said the current limited reopening is not justified by current data.
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